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Financialaidoffices ought to re-examine their cost of attendance budgets for students living at home and consider the data undergirding their assumptions. Whatever your student housing strategy, please make sure that it is tightly connected to your retention, affordability, and equity strategies.
This includes working on retention strategies that emphasize information on financialaid and mental health services as well as continuing to build a sense of belonging. Another support group, the Hispanic Organization for Growth, Advancement and Retention, has focused on family engagement.
The guide also recommended pairing completion grants with other resources and supports for students in need, because “participants reported that students who received completion grants were also likely to request emergency aid to remedy acute financial barriers to student success, such as basic needs insecurities and other nonacademic factors.”
After nearly 50 years of funding community colleges based on enrollment and outreach, the state of Texas is considering making the switch to outcome-based funding, rooted in metrics like retention, completion, and the successful transfer to four-year programs. It matters for the future of this great state.”
assistant vice president for retention at Emory & Henry University, weighed in on what colleges and universities can do to help support underrepresented student groups to ensure they receive the care and support they need to succeed. In a Gen Ztressed webinar hosted by TimelyCare, experts Brianna Yahaya, M.S Proffitt, M.A.,
He highlighted the typical barriers that schools face: lack of dedicated financialaidofficers, document misreporting, complex business ownership, and parents overwhelmed by deadlines and opaque requirements. Thirty percent of the families at my previous school were business owners, Dodson explained.
Harpham, Director of Student FinancialAid at The University of Akron, had to say: “The partnership with Blackboard has completely changed the way that we do business in the financialaidoffice. Increased learner satisfaction and retention. Addressing these pain points is essential to improving retention.
While loan payments will continue to be stalled for students actively enrolled at your institution, there are a number of ways they could negatively impact your students—and your retention rates— today. These concerns could impact retention as current students think critically about taking on more debt. Navigate partners see a 3.5%
With the right coaching and support, institutions can create more equitable enrollment, retention, and graduation outcomes. These improved outcomes, in turn, create increased revenues from tuition and fees, making many of the new initiatives self-sustaining financially.
For example, a financialaidofficer may have access to more detailed data than a teacher. These policies should cover: Data Retention and Disposal: Schools should only keep financialaid data for as long as it is needed.
So there are easy things that I've seen visiting community colleges, I visited a community college in Maine where the financialaid staff all went to lunch at the same time. This had a huge impact on retention. And unless they can reverse it, they won't have a job in the dining hall or financialaidoffice.
But some MSIs — like other colleges and universities — are facing enrollment and retention issues due to stressors in the country overall — inflation, increasing student debt.” The delays and complications from the redesign resulted in fewer students applying for aid early, and put a strain on financialaidoffices.
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