How to Figure How Much Attrition is Costing You Each Year and What to DO About It
The New York Times (6/7/17) had an article about the enrollment and revenue problems colleges and universities are facing. In it, the author Jon Marcus wrote: Because of a dip in the number of 18 to 24-year-olds… enrollment has been dropping for five years, meaning that there are about 300,000 fewer undergraduates to divvy up among America’s campuses than there used to be. That makes each and every potential and current student vitally important to a college’s bottom line especially since public support of higher education has also dropped significantly over the past decade. Each student’s tuition and fees go to the bottom line of a school and thus is needed to help make the budgets, slashed as they are, work. Yet, at least 52% of college students will drop out of colleges, universities, community colleges and career colleges before the year ends. They will take over $250 billion out of higher education at a time when academic budgets are already feeling the hard slap of the econo...