With the spring semester underway, recently released data is beginning to bring greater definition to the impact of the pandemic on colleges and universities and what institutions should anticipate for 2021 and beyond.
And while enrollments are dropping, the real budget crisis isn't a matter of declining enrollments and operating revenues, it is an over-burdened cost structure that struggled to be solvent before COVID and is now in further distress with the surge in expenses associated with responding to this public health emergency.
In this webinar, Darren Catalano will look at how the money works in higher education and how we got here. He'll also share suggestions for creating a path forward, and how, with cost rationalization and a long-overdue shift to more sustainable models, institutions can yet find themselves in a place of financial sustainability.
The financial cost of the pandemic continues to take its toll on higher education institutions. Increasingly, trustees are asking senior staff to present budget-cut scenarios, some more drastic than others, but very few institutions have a model to evaluate operations in that way, especially programmatically.
However, institutions can apply the same rigor they bring to evaluating student learning outcomes to understanding better the sustainability of existing academic programs. By adopting an “academic portfolio management” (APM) approach, which is both supplemental and coalescent, colleges and universities can undertake this effort in a comprehensive, context-sensitive, and data-informed manner.
In this webinar, attendees will learn about a rubric that contains the five key criteria that should guide all conversations and calculations when evaluating academic programs, providing institutions with a roadmap and path forward as they embark on this critical work.
In the wake of COVID-19, demand for student success analytics has risen significantly, but there is no easy button to finding the through line from information to action. Data and predictive analytics can only foretell so much about which students are likeliest to stumble and why, because human behavior is complex and unpredictable. Even before COVID-19, many institutions were investing in new approaches to aid students, including professional academic advising, expanded career services, and innovations in teaching and learning. What is often overlooked, but equally important, is the impact of financial aid variables and unmet need on student success.
Darren Catalano will share his thoughts on the data landscape at institutions, as well as the most important variables critical to understanding student success. With the goal of an institution being able to use data from across campus to better understand students and how to best support their success, attendees will learn how to begin this complicated and critical work at their own institutions.