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8/9/2019 Analytics Strategies: Culture, Collaboration, and Partnership (261622654)
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Millersville University
Analytics of Per Credit Tuition Model
Presentation of
8/9/2019 Analytics Strategies: Culture, Collaboration, and Partnership (261622654)
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Problem
Structural Budget Deficit of $8.1 million
8/9/2019 Analytics Strategies: Culture, Collaboration, and Partnership (261622654)
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Old Tuition Model
• Full-time rate is based on 12 credit hours
• You a! for 12 credits but !ou can ta"e u to 18 credits#ith no additional cost.
• So !ou bu! four three credit courses and !ou get one or
more F%%.• &o longer affordable
• 'e #anted a consumtion model.
• You a! for #hat !ou bu!.
• 'e need a ne# model
8/9/2019 Analytics Strategies: Culture, Collaboration, and Partnership (261622654)
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Building a (eam
We need three teams:
• A development team to create the model
• Implementation team to execute themodel
• An evaluation team to monitor result
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Development Team
• )ice President for *dministration and Finance +ffice
• Budget +ffice
• *ssessment and Planning
• ,nstitutional esearch
• Bursar • %nrollment anagement
*dmissions Financial *id
(he Presidents /abinet #as the Steering /ommittee.
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Implementation Team
• )ice President for *dministration and Finance +ffice
• Budget +ffice
• Bursar
• %nrollment anagement
*dmissions Financial *id
• ar"eting and Social edia
• ,nformation (echnolog! 'ebsite Banner
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Evaluation Team
• )ice President for *dministration and Finance +ffice
• Budget +ffice
• *ssessment and Planning
• ,nstitutional esearch
• Bursar • %nrollment anagement
*dmissions Financial *id
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Basic Concept
• De0elo a scenario #hich imacts the least number ofstudents
• enerate additional re0enue
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• *ssumed a B+ tuition increase of 3
• P*SS4% full-time in-state rate of $5617
• /alculated the er credit charge based on of credits
• 9sed trial and error and "et the ercentages #hole
Impact of Alternative Per Credit Rates
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tudent Impact
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Unmet !inancial "eeds
• ,n the fall of 2715 15:;< in-state undergraduate students#ho filed a F*FS* and #ere ta"ing more than 1 creditshad unmet need.
• 4o# much #ould it cost to co0er 2 credits for each of thesestudents=
T#e additional revenue $enerated made it possibleto provide an additional %&'& MI((IO" in aid to our
students'
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A uccessful Model
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Communication Plan
• So"eserson and ,ncoming /alls
• 'ebsite Fre>uentl! *s"ed ?uestions de0eloed
• Press elease *rticle in (he %@change
• Social edia
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Internal ImplementationC#allen$es
• Financial *id Pac"aging
• efunds
• Financial aid disbursement date is dela!ed
• Pa!ment Plans
an! indi0iduals in the tuition a!ment lanrogram had miscalculated their budgets due tolate notice of the change
• *ssessing Fees and 'ai0ers
(here is no longer a full-time rate on #hich to
base calculations and assess charges ,macted eneralA(echnolog!AS(% Fees5
%@change Program5 and 'ai0ers
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Impact of Under$raduate In,tate Per Credit Tuition
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Impact of Under$raduate In,tate Per Credit Tuition
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(essons (earned
• Timin$ and Communication
• #ould #ave brou$#t Mar0etin$ andCommunication in earlier
• Impact to ot#er e1ternal pro$rams• Data Availability
• Data,Driven Mind et
• Talent , !inancial Aid needed a consultant
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T#an0 2ou3
