Finance Solutions help maximize the operational performance of your institution. From tuition revenue modeling to program cost tracking, Hanover can provide tools to help ensure effective resource allocation, financial viability, and growth.
We help you answer key questions and deliver strategies for success:
Are we maximizing tuition revenue?
How are competitors managing faculty workloads?
How can we optimize and allocate resources to high-growth programs?
Hanover’s Finance Solution
We will customize an approach for your institution that leverages the expertise of our team and multiple methodologies to support your institution’s goals.
Tuition & Aid Optimization Assessment
Maximize tuition revenue.
Evaluates tuition and financial aid pricing data and models potential scenarios to maximize overall tuition revenue.
Evaluate staffing costs.
Reviews faculty workloads and benchmarks salaries to provide insight into faculty utilization.
Program Cost Tracking
Identify program cost efficiencies.
Analyzes program costs to identify longitudinal trends and potential opportunities for further efficiencies.
Model how changes in tuition and scholarship can impact enrollment and revenue
Competitively position your institution’s tuition and aid offerings
Gauge faculty salary and workload competitiveness across peers
Track program costs over time and spot potential areas for further efficiencies
A Word from One of Our Higher Education Clients:
We’ve had success with Title III on our own before, but the game has changed. The team would not have been able to produce this win were it not for the expertise, the knowledge, and the forceful direction that Hanover provided.
– Bill Thompson, Executive Director, CCC Foundation and VP, Institutional Advancement and Camden City Campus
Whatever your goals, Hanover will partner with you to create a custom approach to support your needs.
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