Develop a set of initiatives to improve below threshold student retention in the face of new regulation, estimated revenue upside of up to 2%
Challenge:
New regulation to be introduced requires providers to meet benchmarks for student outcomes
Initial internal analysis indicated the organisation was below the thresholds which could result in severe penalties
Organisation had limited understanding of drivers behind driven by poor data collection, infrastructure and quality
Poor governance to tackle retention challenges
Outcomes:
Reducing student dropouts is estimated to improve annual revenue (£100m) by 1-2%
Improved operations through enhanced communications, student materials and clear governance
Initiatives to improve security against the new regulation penalties
Enhanced student experience, which was a dropout driver, and improves reputation of the institution
+£
100 m
improvement in annual revenue through reducing student dropouts
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