Institutions that can make the financial aid process easier, faster, and less daunting will likely experience more success with retaining existing students. Further, institutions can also personalize financial aid to improve retention rates and encourage students to return year after year. For example, institutions can incentivize returning students with rewarding and relevant financial aid packages to improve retention and decrease attrition.
In this audiobook, we cover some of the factors why financial aid is important in helping institutions achieve their retention goals.
Listen to this recording of our blog, How Institutions Can Use Financial Aid to Drive Student Retention, to learn more.