Who needs help, and why?
Student retention can be anything from counselors reaching out to students who are performing poorly, to schools using data to proactively identify students who are at-risk of dropping out high school or a university.
Student retention has become a very important means of improving graduation rates, increasing alumni, and decreasing the loss of tuition dollars, and student enrollment. While there are lots of different student retention strategies, it’s easy to misuse resources without the data to show which students need the most help.
By using student retention software, university and K12 administrators can better identify where at-risk students are and which retention strategies to implement. AspirEDU examines student performance metrics and accurately identifies students who are at-risk of dropping out. The software works seamlessly with the your LMS of choice, and presents results in an easy-to-use dashboard for staff and administrators.
To find out how AspirEDU can work with you to increase your student retention rates, request a demo of our software solutions today.
There are many types of student retention strategies that can be adopted. In general, schools that maintain an updated, written retention plan can have the most success in this area. In addition, hiring a dedicated retention specialist to maintain this plan is strongly recommended.
Depending on the unique needs of a school and what you can see from your student data, different kinds of student retention strategies may be required. More and more schools are implementing “first-year experience” classes to keep students engaged and better prepare them for the demands of their education.
The perception that the school “doesn’t care” is one of the major reasons students cite when leaving school or transferring elsewhere. To encourage universities and K12 institutions to form a stronger connection with their students, some retention strategies include:
Of course, knowing which students are at-risk for dropping out and when those students need help is half the battle. Easy-to-understand student performance metrics and data are critical to any student retention strategy, and in turn, the success of the school as a whole. Learn how our Solutions software puts this data at your fingertips – enabling you to craft better student retention strategies.
By focusing efforts on student retention, learning institutions can maintain profitable operations, maintain accreditation status, and help more students engage in their learning. To find out how AspirEDU can work with you to increase your student retention rates, request a demo of our software solutions today!
Student attrition has a serious impact on the sustainability of a university. Consider the following scenario: If you have students paying $20,000 per year for classes, and five of them drop out, then the school lost $100,000. This loss compounded by:
The average school loses $9,910,811 in revenue from student attrition with most universities unable to graduate more than 50% of incoming freshman. Clearly, the cost of student attrition is a great problem faced by many universities. These figures reinforce the importance of well-developed student retention strategies based on cultivated student data.
By using student retention software from AspirEDU, you gain the ability to develop effective strategies in order to achieve key sustainability goals for your university. Using the data presented by our Dropout Detective, you can reduce student attrition rates and their associated revenue loss.
It is not unusual to see that the departments within schools that are responsible for student success have limited budgets to purchase outside solutions. In many cases, these Student Success teams are charged with the costs of purchasing outside tools but do not receive credit for saving K12 student enrollment and Higher Education tuition dollars. Using data from public sources like Educationdata.org can allow schools to project a Return on Investment from a retention solution. Schools can use this data, compare it to the cost of a proposed solution and forecast the necessary retention increase to justify the expense. Users of retention solutions like Dropout Detective/Grade Guardian can report on results so these projections can be used in budgeting.
One of the major reasons students leave a university or a K12 school is because they perceive that the faculty doesn’t care about them. While there are many types of staff members in education intuitions, none have more opportunities to engage with students than faculty members. As representatives of the school and role models for their students, faculty members have the most potential to impact a student’s decision to stay or leave and directly affect student retention rates.
By using data to proactively identify at-risk students, faculty members can focus their student retention efforts where they are needed most. The most effective type of engagement will vary between different students and faculty members. But, some good general guidelines are for faculty members to:
Because faculty play such a critical role in student retention, periodic evaluation of faculty performance and engagement is necessary for effectively mitigating student attrition. Our Instructor Insight software helps administrators to identify instructors that are falling short of expectations, take action, and improve the working environment for faculty and students with a single solution. Please contact us to learn more about pro-actively managing faculty by observing their recent and long-term engagement in a course.
Retention is becoming more important as schools realize that students have so many choices about where their money goes. Often times, the institution is its own worst enemy when it comes to retention goals. The four major reasons students give for their departure from higher education include:
When schools put their efforts toward data-backed student retention strategies, they show the student they care by reaching out and helping the student succeed. Actions such as this give the school the upper edge in the marketplace and they will attract more students.
Retention in higher education is an important consideration for maintaining revenue streams and increasing the satisfaction of students, but also for keeping accreditation status. By increasing student retention, it becomes one less area to worry about for the accreditation process. To find out how AspirEDU can work with you to address the challenges of retention in higher education, schedule a demo of our software today.
Of the many types of student retention strategies institutions can adopt, is yours working?