We have several options for your school depending on the level of support your admissions process requires:
We will provide you with a more formal admissions structure, to assist in closing more families, using your school's existing features and benefits.
As important as attracting new students, retaining your existing student body is critical to a stable or growing enrolment. Students leave at the top end of the grade levels of your school, they also leave when families move but what other factors go into their decision to leave and what can you do to influence those decisions?
Our experience has clearly identified the three prime motivators that drive the attrition that occurs in schools. High levels of attrition cost tens of thousands of dollars every year; money that may not migrate to other competitors if a strong retention program is in place. ISPG has developed processes that are designed to address the various degrees of student loss that occurs within schools. Our objective is simple - to adjust your attrition rate to the lowest levels within the independent school community. To do this, we provide three levels of service as follows:
We will review your existing practices to ensure that the systems you have in place are sufficient for your school's goals. We will:
We will clarify the extent of and reasons for your student attrition and recommend the most effective methods to address the outflow. We will:
We will create a highly effective retention strategy and execution plan that includes all of the key school functions that are critical to the re-enrolment of existing students. We will:
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Review your current retention practices
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Perform an in-depth review of all retention related school processes and functions specifically identifying the deficiencies
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Develop and implement effective strategies and tactics to address each school function's deficiencies
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Train all personnel in the new systems and processes
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Deliver to you a manual of retention policies and practices inclusive of the retention toolkit, for future personnel to reference and be guided by
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The end result once implementation is complete is a retention process that adds tens of thousands of dollars or more to the school's bottom line every year, relieves the pressure on the admission office to market for and recruit new students, and that is at the level of the highest performing independent schools' retention strategies
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Many schools miss out on opportunities to maximize their revenues. We can unlock the door to tens of thousands perhaps even hundreds of thousands of dollars that could be available to your school every year starting now!
We perform a comprehensive review of a number of your school's processes and programs such as:
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Fees charged
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Tuition levels
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Tuition structure
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Payment terms
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Accessibility and affordability
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Student capacity
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Financial support programs
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Capital procurement programs
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Fundraising and philanthropy strategy
Once we have completed our analysis of your existing systems, we will deliver a report that will show you where additional revenues will come from and how much you can expect to add to your current revenue model. We will provide specific detail on the new revenue generation structures, complete with strategies and tactics, timelines and required resources for implementation.
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Many schools and their Boards are lacking current and timely information on the financial state of the school. This informational void can lead to unexpected budget shortfalls, cash flow shortages and in the worst case, a financial crisis at the school. To address these pressing needs, ISPG has developed simple yet complete systems for:
Schools who have implemented our recommendations spend significantly less money on annual accounting fees, have far more accurate information to manage the school with, have less financial uncertainty, better relationships with their bankers and a parent community who has confidence in the viability and management of the school.
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The primary concern of an independent school must always be for the welfare of their students and their prospective students. These principles of good practice are in keeping with the commitment to access and diversity and the belief that a school should distribute financial aid funds based upon demonstrated financial need. The principles are intended to promote orderly and professional financial aid procedures.
ISPG has developed a financial aid/tuition assistance program that:
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Generates significant additional revenues without additional expense
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Ensures the orderly, fair application of policy across the board
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Is flexible with both the needs of the school and the needs of those families who would apply
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Boosts enrolment
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Attracts donors
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Increases long-term donations
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Will gain the support of the entire school community
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Can create a school culture of caring and compassion
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Is administered outside of the school
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Maximizes the opportunity for diversity within your school
ISPG's package includes everything that you will need to implement, market and administer your financial aid/tuition assistance program. Call us today to find out how your school can start to reap the benefits of a having an effective program.
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