The Cost vs. Expectation Correlation in College Retention
A reader from Point Loma Nazarene University sent me an email that started this piece on school costs, expectations, retention rates and customer service. He wrote: "I’ve enjoyed reading your blog and am currently reading your book, The Power of Retention . I have a question about the difference in responses of students in private versus public colleges and universities. Have you found that students who leave private universities do not leave for poor service as frequently as they do in public ones? Our retention rate is much higher than the ones in your examples." No I don’t. In fact, customer service issues are a stronger reason for leaving a private college since there is usually more investment at stake. To start with, the higher cost of a private college or university over a publicly-affiliated college brings with it higher service return demands. There is an interesting correlation situation created by cost in reference to service provided. In all ...