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Change Management
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Enrollment
Bennett Day School developed a project-based learning lab that has helped generate non-tuition revenue and expand its PK-12 program. Bennett Day is one of three schools to receive this year's Innovation Excellence Award.
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Cash Management
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Financial Aid
Mid–2020, business officers predicted a bumpier outcome for FY21 than came to pass. Deficits and cash draws were smaller, while aid awards were higher.
Expanding online curriculum can also promote on-campus engagement opportunities.
Be it with a local college or business, a partnership may enable your school to offer distinctive opportunities that enhance value proposition and/or develop new revenue streams.
Investing in early childhood programs can help build enrollment, but the effort requires significant management and resources.
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Enrollment
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Financing
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Salary
While enrollment has declined slightly over the past few years, staffing has increased. How can schools offset increased costs?
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Communication
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Marketing
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Risk Management
The way we track email campaign metrics is going to change.
Creating joint programs with related organizations has helped differentiate our school in a competitive market.
What business officers need to know about the admissions testing debate, the best of virtual admissions processes and potential iterations for online learning.
Modest changes that might not phase larger schools can impact smaller schools significantly.
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Admission
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Enrollment
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Leadership
Integrating advancement, communications and marketing functions can help leaders tap resources to generate alternative revenue streams. Ann Snyder, director of independent and international schools at the Council for Adv
Schools that experienced a “flight to quality” last year share strategies that have helped them retain new students.
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Enrollment
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Financial Aid
A structured financial aid review process that involves both admissions and the business office can maximize enrollment without breaking the bank.
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Enrollment
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Financial Aid
It is time to switch our mindset from short-term problem-solving to long-term strategizing.
Trends and lessons from last year’s financial aid season can make this season calmer and more efficient.
To mitigate financial risk, focus on closing, rather than filling, the gap.
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Financial Aid
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Tuition
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Tuition Remission
As the pandemic drives more students to independent schools, business officers need to focus on big-picture strategies for tuition policies and other factors.
The data in NBOA’s new Tuition Discounting Report for PK-12 Independent Schools may not be as troubling as related data in higher education, but it is trending in the same direction.
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Communication
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Leadership
This year’s recipient of the Ken White Distinguished Business Officer Award shares her journey of life lessons, balanced priorities and personal growth.
Relaying your financial story while building trust and buy-in is more than an essential skill, it’s good stewardship.
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