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What Can I do With RAP Financial Aid for Admissions Analytics (2132)
An institution's strategic use of its financial resources is an important component of a successful recruitment program. To effectively leverage financial aid, there are questions an institution must answer, for example: What is the number/percentage of applicants receiving financial aid? What is the amount of financial aid being awarded in various forms? What is the gap between the applicant's established need and the total financial aid package? How do the financial aid packages compare between applicants who enrolled and did not enroll? What impact does unmet need have on a students failure to matriculate? How does yield vary by need level? By analyzing data readily provided through the financial aid directors performance dashboard, an institution is positioned to more strategically award financial aid. The Recruiting & Admissions Performance solution can help institutions strategically leverage financial aid and monitor success. The Recruiting & Admissions Performance solution delivers analytics and reports enabling institutions to analyze and control their financial aid process for incoming students. Strategic aid leveraging can result in increased enrollment yield and tuition net revenue.