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

screenshot: tuition aid optimization

Maximize tuition revenue.

Evaluates tuition and financial aid pricing data and models potential scenarios to maximize overall tuition revenue.

Faculty Benchmarking

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Evaluate staffing costs.

Reviews faculty workloads and benchmarks salaries to provide insight into faculty utilization.

Program Cost Tracking

screenshot: program costing dashboard

Identify program cost efficiencies.

Analyzes program costs to identify longitudinal trends and potential opportunities for further efficiencies.

Outcomes

  • 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:

Logan University’s strategic plan calls for regular and systematic growth over the next few years as we move from a single purpose institute to a chiropractic and health science university. As a small institution, we try to ensure our operations are staffed in accordance with the needs outlined by our enrollment. To stay strong and mighty, it is important that we maximize our resources wherever possible and Hanover is a great opportunity to do that. We plan to work with Hanover to review the market for potential new programs and facility growth. By engaging in three simultaneous research queues with Hanover, we hope to speed up and strengthen the process of improvement at Logan University, ensuring successful complementary degree launches.

For others considering working with an external partner, I suggest they consider the cost of a new team helping current employees write, evaluate and review data for potential new programs and sites. Compare that cost to the cost of contracting with Hanover. I would also recommend they look at the case studies, which show how different school have saved money through program evaluations.

Logan University Logo

Dr. Kimberly Paddock-O’Reilly, DHEd, MSW, Executive Vice President of Academic Affairs

Whatever your goals, Hanover will partner with you to create a custom approach to support your needs.

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