What is the Cost of Attrition at Your Institution?
Every year, institutions forfeit thousands of dollars for each student that fails to return due to an academic or personal challenge. According to the College Board, annual revenue lost per vacating student ranges from $2,300 for a community college to over $23,000 for a four-year private institution.
How many of your students drop out each year? 10, 25, 100? Calculate your institution’s rate of attrition by simply filling in the number of students who left and the annual fees associated with the student. You might be surprised how quickly it can add up.
Datatel Colleague Student Retention Alert can help your institution increase your retention rate and save thousands of dollars. Learn more about Datatel’s Retention Alert solution or call your Datatel representative today at 1.800.DATATEL.