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:

Our goal for the coming year is to examine a variety of proposed academic offerings and cost models to determine the best opportunities for tuition revenue and head count growth over the next two years. We had previously engaged other research partners but had grown disappointed in their “cookie cutter” approach with assumptions about the marketplace. In determining who to select as our research partner, we conducted an internal assessment of the upcoming projects and analyzed which partner could offer both unique research and access to existing similar research. Hanover’s ability to bundle all projects for a total cost less than what would be charged by other competitors made this an easy decision. 

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- Brian O’Rourke; Vice President for Enrollment Management

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

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