Higher education is in a state of crisis! College budgets are becoming a challenge to balance. Expenses are increasing in an environment of declining enrollments, endowments, and government support. The stop-gap solution for decades has been to increase tuition. This is no longer viable. Students, parents, donors and government agencies are scrutinizing the cost and the return on investment of a college education. They are demanding that colleges educate students at a reasonable cost and better prepare them for a successful career.
Colleges are under scrutiny for graduating only 40% of full-time students in four years and less than 60% in six years. Delayed graduation (4+ years) accounts for over 70% of students’ college debt. Finish in Four Consulting believes that by focusing on institutional practices that support student success, graduation rates and enrollments can be improved, and future student debt can be reduced.
Creating an environment that helps students graduate on time should be the driving force behind all colleges’ strategic plans. Most institutions have good intentions when it comes to the success of their students, but they often unknowingly have created or supported barriers that prevent their students from graduating. Colleges should examine their status quo procedures to make data driven strategic actions plans that improve their students’ performance.
Finish in Four Consulting utilizes a Control Point Accountability Measurement (CPAM) model and a College Assessment Survey that provides college stakeholders the ability to assess and improve ten critical student retention areas. These models help colleges focus efforts and resources to improve student success rates and maintaining fiscal stability.
Ten Student Success High Impact Focus
Institutional Research
Using data to improve student retention
Predictive Modeling
Setting the stage for institutional equilibrium
Enrollment Management
Aligning the institution for success
Financial Planning
Preparing students for the long-term commitment
Proactive Advising
Preempting student failure
Curriculum Scheduling and Registration
Charting a course for on-time graduation
Faculty Influence
Supporting a culture of academic and professional success
Student College Life
Creating a success environment
Non-traditional Student
Recongnizing the “ghost” students
Career Guidance
Supporting degree and career objectives