Operations & 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 Operations & 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.

Financial Aid Optimization

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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.

Tuition & Aid Sensitivity Survey

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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:

I have been in contact with Hanover for several years and was always intrigued with the possibilities of working together but was hesitant due to the budget restrictions of a small college. A change in upper administration at Goldey-Beacom College and Hanover’s willingness to work with us, as a small college, indicated to me that it was time to try. Comprehensive research is more essential than ever today, and the limited staff and faculty at GBC just don’t have the time and resources to do large projects. Additionally, having a “neutral” perspective to help us reach decisions objectively will be invaluable. Many small colleges are struggling to survive in the current environment, so preparing well strategically is essential. I feel confident that Hanover can help GBC to do just that.

With Hanover, we will determine whether or not to move forward with a potential new undergraduate major in Biology, which would be a huge step for us out of our comfort zone. Initially, determining whether or not to pursue an undergraduate major in Biology will impact all areas of the College, from perception of the institution to finances. We also need to make decisions about how to present tuition to prospective students. The tuition and aid optimization study could be huge also, as well as learning about our brand perception. Any and all of these will impact the strategic direction of the College.

Goldey-Beacom College

Alison Boord White; Vice President for Academic Affairs

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

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