As college and university revenues continue to decline, schools look to Collegis for long-term, sustainable growth
MINNEAPOLIS (August 6, 2018) – Collegis Education, a technology-enabled, revenue-growth management company, today announced it has signed with 12 new partner institutions in the last 90 days. Amid declining student enrollments and increasing discount rates, the speed with which Collegis has grown its partner portfolio this summer is a testament to the innovative, proven approach Collegis utilizes with its partners.
“We are thrilled to partner with 12 new higher education institutions and help them achieve long-term success with comprehensive revenue-growth strategies,” said Jamie Cowie, chief executive officer at Collegis Education. “The higher education market is extremely competitive — institutional revenue is on the decline while tuition discount strategies are on the rise. Collegis’s holistic solutions not only help our partners adapt to student and market needs, but also, more importantly, see real revenue and enrollment gains.”
The competition for students is intense — in fact, it is a game of survival for many colleges and universities. The number of nonprofit colleges in the U.S. has dropped 2 percent in the last two years and average tuition discounts rose to 44.8 percent in 2017-18. With student enrollments declining for the past six years, smart institutions are seeking solutions before considering more drastic measures.
Based on its significant higher education experience, Collegis Education knows that revenue growth is best achieved through a multidimensional solution that integrates key growth drivers across marketing, technology, admissions and academic programs. “Unfortunately for many schools, the more traditional approaches to growing enrollments, such as online program management or student search, only lead to increased discount rates and reduced revenue,” continued Cowie. “Collegis’s approach, formed from our decades of experience as school operators and service providers, empowers schools to truly turn the dial up on revenue growth.” This atypical approach distinguishes Collegis from other partner vendors and provides the foundation for its atypical results. In programs supported by Collegis, the majority of partners have seen double-digit growth rates in just the first year of partnership.
The latest additions to the Collegis partner portfolio include a diverse range of schools across the country, including Brandman University and University of Providence. Collegis will leverage its full suite of capabilities in order to deliver its holistic solutions to this group of mid- to large-sized institutions.
To learn more about Collegis Education, visit CollegisEducation.com or follow Collegis on Twitter: @CollegisEdu.
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ABOUT COLLEGIS EDUCATION:
Collegis Education® is a strategic partner whose revenue-growth solutions help colleges and universities maximize their enrollment potential through data-rich, technology-enabled, marketing, engagement and retention services. In programs supported by Collegis Education solutions, the majority of partner institutions have realized average new-enrollment gains of 20 percent in just the first year of partnership. With more than two decades of experience in higher education, the Collegis team develops holistic, interconnected strategies that enable institutions to realize long-term growth in accord with their mission and values. For more information about Collegis Education, please visit CollegisEducation.com
Author: Molly Andersen
Molly is the associate director of earned media at Collegis Education. She holds a Bachelor of Journalism in Broadcast Journalism from the University of Missouri--Columbia.
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