Since its founding as a teacher-training school in 1910, Kent State University (KSU) has become an R2 public research university with seven regional campuses, three national and international facilities, and more than 35,000 students. It's has been on the rise for more than a decade, with record enrollment, retention, and graduation rates. But in 2020, the global pandemic put the higher education industry at risk.
However, despite concerns across the higher-ed sector, KSU has remained in a position of strength. How did they do it? Read the case study to learn more about how KSU’s achieved success by partnering with the HelioCampus Benchmarking Consortium.
As of April of 2020, “we’ve achieved a cumulative $75 million in combined revenue enhancements, cost reductions, and cost avoidance for the period 2015 through 2019 while shifting significant resources away from administrative and overhead functions directly to student success.”
To improve efficiency and boost effectiveness, HelioCampus provides clients with a comprehensive framework to increase ROI. This framework includes more than 50 data points which helps institutions identify opportunities to reinvest in student success. Data points include labor costs and administrative spending in departments like human resources, IT, financial aid, general admin, and more.