The University has used the Financial Aid Strategy Tool (FAST) since 2005 to increase NTR and quality. With FAST, Scannell & Kurz builds predictive enrollment models using institutional data, and then loads those models into a web-based simulation tool that clients can use to test the impact of alternative awarding strategies. Using this tool, this client has been able to direct aid funds to increase out-of-state representation (and therefore NTR), while also improving the quality profile.
Results of Our Work Together
The number of out-of-state freshman enrollees has grown from 914 in 2005, to 1174 in 2010. Average SAT has increased from 1187 in 2005, to 1221 in 2010.