Home > Educational Leadership, Higher Education > The Role of Financial Aid and Retention

The Role of Financial Aid and Retention

By Jim Scannell

Typically, when institutions conduct exit surveys for students who withdraw prior to completing a degree program, featured prominently are financial aid, cost, or affordability. They usually garner one of the top slots for reasons listed for withdrawal prior to graduation. But research shows there are a number of other drivers that influence re-enrollment trends.

First and foremost is level of academic success (e.g., term 1 GPA) followed by variables such as entry qualifications (GPA in high school, standardized test scores, etc.); residential versus commuter status; attempted hours; participation in intercollegiate athletics or other extracurricular activities; gender; and race. Variables such as amount of borrowing, unmet need, and level of grant do sometimes emerge as statistically significant variables in predictive retention models, but their influence on behavior is often minor.

Continued at: http://universitybusiness.com/viewarticle.aspx?articleid=1816

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