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Private Universities Increasingly Turn to EducationDynamics to Prevent Drops in Enrollment
In a Year That Will Be Dominated by Economic Challenges, Private Schools Are Leveraging Web-Based Platforms to Reinforce Their Value Among Parents Who Have More Affordable Public Colleges in Mind
| Source: EducationDynamics
HOBOKEN, NJ--(Marketwire - January 27, 2009) - The financial market meltdown has spurred many
private colleges and universities to turn to online technology as a
proactive means to prevent drops in
enrollment. As parents of incoming students for the fall of 2009 report
that they are eliminating college choices based on cost, EducationDynamics advises
private schools to reinforce the value and outcomes of private education
among those whom they have found to be the most influential audience:
parents.
"Parents are looking for indicators of superior return on investment from
private education in these tough economic times, and only so much value can
be conveyed through a glossy paper brochure," explains Peter Tomassi,
senior vice president of product development for EducationDynamics' Enrollment
and Retention
Services Division.
To combat enrollment declines stemming from economic factors,
EducationDynamics' parent programs arm
universities with a Web-based tool through which to connect with and
communicate value to parents on the fence about the merits of a private
institution versus its public counterparts. These parent-centric programs
have been shown to prevent melt, and in some cases even increase
enrollment, through regular parent communication in a preferred medium.
Loyola University New Orleans, a private institution and user of the
EducationDynamics parent platform since 2006, has reported a 40 percent
increase in student deposits since the program's implementation.
"The benefits of using a Web-based parent program are twofold -- for
parents, it serves as a comprehensive information resource, cultivating
engagement through direct communication with staff as well as virtual tools
that immerse them in the campus and community," adds Tomassi. "For
institutions, this online technology provides real-time reporting to help
track the parent mindset and identify those with significant concerns about
cost, financing options and other issues."
To appeal to the concerns and needs of parents, EducationDynamics has found
the following value propositions to resonate most:
1. Real cost of attendance -- Encourage parents to look beyond a private
school's sticker price. While state subsidies are built into public
schools' tuition, private schools often provide significant discounts in
the form of need- and merit-based scholarships.
2. Student services -- While public colleges rely heavily on tuition
increases to recoup losses in state support, private institutions tend to
re-invest these dollars to increase educational quality. Parents should
compare the level of faculty experience, diversity of program offerings and
even service offerings (e.g. dining services, library hours, etc.) when
selecting a school.
3. Personal attention -- Faculty in the public sector struggle to balance
money and time due to reductions in funding, making resources scarce for
students. Parents should research the level of faculty-student interaction
as well as the available tutoring resources.
4. Retention -- Given recent increases in student attrition in traditional
student populations, many schools have begun to identify and implement new
ways to engage and retain students. When weighing school choices, parents
can look into programs in place to keep students retained and on the path
to degree completion.
5. Graduation rates -- Encourage parents to investigate graduation rates at
the schools in which they are considering. When faced with the probability
of paying for four years of tuition at a private school versus six at a
public school, the choice becomes clearer.
To learn how to hone a parent communication strategy to increase enrollment
despite the economic slowdown, contact Tracy Howe by phone at 201.377.3318
or via email.
About EducationDynamics
EducationDynamics, a portfolio company of Halyard Capital, is the leading
marketing and information services company dedicated to helping higher
education institutions find, enroll and retain students. Its content-rich
and highly visible education websites, including EarnMyDegree.com,
eLearners.com, GradSchools.com, StudyAbroad.com, and its more than 50
special interest microsites, make EducationDynamics the premier provider of
qualified prospective students for colleges and universities. In addition,
the company offers a full suite of Web-delivered services proven to drive
enrollment growth and reduce student attrition. For more information, visit
http://www.educationdynamics.com.