For this assignment I will act like I have been recently hired by Nobody State University as a consultant to help the university to increase their total revenue. I already knew that the university has been struggling since the last couple of year I need to help them to find the right solution so the university can survive.
All the universities in USA has been affected of cutbacks in funding because of the recession in the country . This results that the universities needed to reduce their own spending and needed to find alternatives that would help sustain them. NSU is one of those universities that have been struggling to increase its revenues .
The first hing I would do as a president is to raise the tuition not much just a little
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A good rating would have an effect of encouraging more application of students into the institution. Another way would be an increase in the number of non-states students that would include international students, Having more of these students would help raise the revenues since they pay more.“The concept of elasticity of demand is also applicable to supply schedules and supply curves. Price elasticity of supply is the measure of the responsiveness of the quantity supplied to changes in the price” (Amacher & Pate, 2013). “Price elasticity of demand measures the responsiveness of demand to changes in price for a particular good. If the price elasticity of demand is equal to 0, demand is perfectly inelastic. Values that are between 0 and 1 indicate that demand is inelastic. When price elasticity of demand equals one, demand is unit elastic. Finally, if the value is greater than one, demand is perfectly elastic” (Investopedia, 2013).If true price elasticity were (-1.2), that would mean the price elasticity would be considered elastic; this means that the demand is sensitive to changes in prices.
As I was saying if I were the president of NSU my first attempt were to increase the tuition cost by 3% which is not much and that way it would not be too shocking for the students and it will help the revenue as well. This small increase would help me to know if it really affect the enrollment demand. As well depending the results I will
Tuition is put in place for a reason. It shouldn’t be lifted because if it is the government will end up having to come out of more money to fund the things that more of the college students need as such as books, computer labs etc. By the government needing more funding that would mean the taxpayers taxes would have to increase without their say so it wouldn’t even be an option.
In 2000, the Board of Ursinus College, raised its tuition from $19,331 to $23,460. This turned out to be a 17.6% increase. Surprisingly, the tuition increase proved to be a positive change for Ursinus College. The college received more than 200 applicants than its previous year (Brickley, Smith and Zimmerman, 2009, p. 110). Other regional institutions such as University of Notre Dame, Bryn Mawr College and Rice University also experienced a similar trend once they increased their tuition rates (Brickley, Smith and Zimmerman, 2009, p. 110). The president of Ursinus College deduced that the tuition increase affected enrollment rate (increased enrollment). She simply stated that “people don’t want cheap” (Brickley, Smith and Zimmerman, 2009, p. 110).
The topic of this paper is the states’ decreasing financial support of higher education, the reaction and response from institutions who have lost funding, and the creative ways public institutions are locating additional streams of revenue. States have been the primary backer of public institutions, but since the recession states have shown less commitment financially while still heavily regulating higher education. As a result some institutions have had to change their practices while others have challenged their state’s regulations all together. Many have speculated that state funding may never return to its former highs. Rather than make an enemy of the state, some schools have discovered new and unconvential ways of raising funds for their institution.
Since 1974, tuition has been on the rise and has reached new heights. One reason why tuition is increasing is because of “the state governments’ unwillingness or inability to raise per-student financing” (Davidson). The government is spending less on college and moving those funds into other categories, such as the military. Furthermore, colleges are spending less on each student than they did during pre-recession (Fox). Even after the recession, the government is continuously cutting more and more from education funds. As the government cuts more from education funds, tuition cost will steadily increase to compensate the loss. Tuition increased from 1994 to 2015 is depicted in the graph on the next page. Drawing a conclusion from the graph, it is possible that if this trend continues, public colleges will approximately reach the same price as private colleges one day. The amount of financial aid given is unable to meet the needs of lower income students,
In a regression analysis we found that the correlation coefficient is .5862 with a very high level of confidence (see Appendix A for detailed Regression Analysis Data). We also found that the coefficient of determination was .3437. This shows that since there is a correlation between student population and profits, the impact student population has on the profits is approximately 34%. We also found from our regression equation that an increase in the student population by 1 student can increase profit by $1.07. You can see the positive trend in the scatter plot below.
competes in bring in massive revenue as well. The fact that the university is making
First of all, the college made the appropriate decision when cutting the 22 classes. The school’s endowment dropped by 20 percent, meaning that their endorsements were not as high as they
Eliminating the cost of tuition would tremendously help students get a head start on their college education. Sara Goldrick-Rab
If colleges decide to go on the tuition free route then there will have to be some major changes that would have to be made in order to make colleges tuition free and to give everybody the opportunity to be able to attend without being in debt. Colleges can divert the public money spent on financial aid towards making tuition free. Another change that can be made is closing corporate tax loopholes that allow companies to legally avoid paying their full share of taxes.1 There can also be a change made on the military budget and control on what and how much money they spend. Or millionaires and billionaires can
DSU was founded in 1925, in Cleveland MS, where this school was mainly a predominately ‘White’ institution. Just like other schools in the Deep South, there were several of stipulations for other minorities to attend the universities. DSU has since then allowed every ethnicity to attend the university all over the world. Now for students there are over 60 programs that they can chose from when deciding on a career, whether its online or in a class room setting. Every university in MS are competing with each other, but in my opinion DSU and MS Valley are just a like when I come to colleges in a rural area. DSU is one of the many universities that offer nursing, and aviation program. The main goal for DSU is to increase enrollment and have a higher turnout rate. All schools will see a turnover rate but school officials are trying to change that any way the can. School officials are targeting students in the delta area, instead of targeting other areas in MS. My advice to the school officials will be to expand their horizons, have recruiters go out and promote the university, which would help boost up there retention rate. I will give my recommendations for growth, maturity, and decline for colleges over the state of MS. How can school officials keep students enrolled in school until he or she completes the entire program? I feel that the amount of enrolled individuals inside of a class setting will have an effect on the schools growth. Most students prefer a
To raise more revenue, Nobody State University increases its tuition so, this would not increase the revenue but it would decrease the revenue. If one increase then the other would definitely decrease. No it would definitely not result into more revenue to have more revenue Nobody State University would have to decline some enrollments in order to increase the revenue. Most likely Nobody States University will not decline enrollment so the cost of tuition would definitely be increased.
The modern university system as a whole is an exploitative, capitalist construction. Those within it, whether they be undergraduate or graduate students, tenured or nontenured professors, researchers, etc. To exist within the university system and survive, one is essentially placed in a system that very closely resembles the free market economy of the United States. Academia exists to make one successful in whatever career path one chooses, including careers in the academic world. Specific to academic careers, a cycle of oppression and exploitation of labor exists to prevent any one person from getting too successful, lest they challenge the system and destroy it. Academia forces its participants to work in a very individualistic, neoliberal manner which encourages exploitation of other participants and perpetuates abusive labor practices, all in an effort to preserve a structure which encourages the professionalization of knowledge. And despite being detrimental in various ways to all involved, no one, whether due to inability or unwillingness, makes motions to break down the system because of how completely encapsulating and powerful the university has become.
For the second year at a row, OSU’s in-state tuition will stay at $10,0376 annually, while increasing out-of-state students by 5% and an increase to all student’s food and housing plans between 4.1-4.3%.
Higher education is optional, but to enter a respectable career, one must continue their education in order to achieve his financial and/or personal goals. Teenagers who attend college use their extended schooling to further obtain knowledge. The primary objective of higher education is to enhance one’s abilities for his future. A student can learn from school in numerous ways, but liberal education is not a way to attract students into further and higher education. However, students can learn a lot more through experiences that have affected their personal lives. I agree with author Mike Rose’s theory that education needs are reached to obtain a higher academic level by teaching students information that can be related to their personal
thing to accomplish, we would need more money for schools in order to pay for