SwailLandis provides a sophisticated Retention Calculator to help institutional leaders better understand the expense associated with losing students as opposed to the revenue gained by keeping them enrolled.
This information can be critical in the fiscal decisions on whether to provide support for student success initiatives and programs. We find that even with a small freshman class, the revenue lost to student department becomes a seven-digit annual financial issue for colleges and universities. For larger institutions, it is a monstrous amount of capital lost to not keeping students at your school.
The Retention Calculator asks for basic information from your campus, including cohort numbers of students, average annual increases, in-state/out-state ratios, and average government subsidy per student. With this, the web-based system provides the number of students saved or lost and the associated cost with improving student retention.