A New Direction at
Ferrum College
John W. Dysart
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Volume 2, Issue 4 - October 2006
The latest recruitment, financial aid and
enrollment numbers have been finalized for
the year and Ferrum College is shining! This
small, liberal arts college located in
Ferrum, Virginia has been a constant in the
Commonwealth for almost a century, but the
last two years have brought the institution
to the forefront and people are taking
notice.
While many competitors in the state and
the region are struggling with recruitment,
discount rates and retention, Ferrum College
stands out from the crowd. Presidential
leadership and strong support from the Board
of Trustees have served to literally
transform the physical plant of the campus.
A new recruitment plan implemented in the
last eighteen months has resulted in
increased new student enrollments and
overall gains in the number of full-time
undergraduate students. The plan, focused on
direct marketing, has generated exciting
outcomes. Positive changes in the financial
aid process and in institutional financial
aid programs have provided sufficient
amounts of merit financial aid to attract
good students while ensuring that
significant aid resources are available to
qualified students based upon financial
need.
Nothing makes recruitment and retention
success easier than product improvements. We
sometimes hate to admit it, but student
satisfaction is at the heart of success.
Much has been accomplished in recent years
under the leadership of Ferrum's President,
Dr. Jennfer Braaten.
- New resident halls have been build
with an emphasis on apartment style
living.
- The student center has been improved
to accommodate the needs and desires of
millennial students.
- Smart classrooms have been
established with an emphasis on
utilization of the latest technology.
- Meeting spaces for students, faculty
and administrators have been expanded.
- Ferrum has invested in a new alumni
conference center.
In short, Dr. Braaten, with the support
of the Board of Trustees, has initiated and
is on the verge of completing the most
significant improvements in the physical
plant of the College in at least 50 years!
While total enrollment at Ferrum College
has been stable for many years,
administrators sought to increase the number
of enrolled students significantly. The idea
was to ensure that enrollment growth
coinsided with strategic investments in
physical plant in order to take full
advantage of increased College capacity.
A new recruitment model was introduced
over the last eighteen months. The first
priority was to focus on direct marketing
rather than general marketing strategies.
The College did not consider future
investments in mass media advertising such
as radio, television, newspapers and
magazines. While these mechanisms might be
appropriate for some schools, it was
determined that there were better and more
cost-effective ways to appeal to college
bound high school students.
Direct mail letters authored by
successful graduates were utilized to
communicate with prospective students and
their parents.
Systematic communication via telephone,
email and personal visits between admission
counselors and prospective students was
initiated. Contact rates were tracked on a
weekly basis and the quality of contacts
with perspective students was evaluated upon
a comparative folder completion rates,
acceptance rates, visit rates, financial aid
application rates and deposit rates.
Perhaps the most important element for a
successful recruitment plan pertains to the
training, supervision, support, motivation
and leadership of admission counselors.
Ferrum College benefited from the
extraordinary seasoned and intelligent
leadership of the Director of Admission,
Gilda Woods.
The results of the new initiatives have
been impressive. Admission applications have
increased nearly 40% in the last two years.
New student enrollments are up by more than
36%.
The Financial Aid Office has been very
influential in the transformation at Ferrum
College. Under the leadership of Heather
Hollandsworth, the Financial Aid Office has
undergone a dramatic change in a very short
period of time.
Heather has insisted upon taking primary
responsibility to ensure that all
prospective new students and all returning
students apply for financial aid as soon as
possible and that they complete their
financial aid folders as early as possible.
The results of her leadership have been
impressive. More aggressive support to
encourage new and returning students to
apply for financial aid and complete their
folders have increased financial aid cash
flow by more than 130% in less than two
years!
Let's discuss outcomes:
- Ferrum College registered the
largest number of new students in the
last 20 years.
- The number of honor students
increased by 73% over the last two
years.
- New student enrollments have
increased 37% in just the last two
years.
- Financial aid processing has
improved dramatically. Cash flow has
been enhanced as efficiencies have been
applied to the financial aid process.
- Ferrum College now educates more
than 1,000 qualified students!
- The campus physical plant has been
transformed.
Ferrum College has completely
repositioned itself in a short period of
time. Increased revenue from increased
enrollments will be invested back into the
educational product. Obviously, currently
enrolled students will benefit from
continued improvements but the enhanced
educational product will make the
institution even more attractive to
prospective students.
John W. Dysart is President of The
Dysart Group, Inc, a higher education
consulting firm specializing in recruitment,
financial aid, retention and revenue growth
at colleges and universities. To date, Mr.
Dysart has provided consulting services to
more than 140 colleges and universities in
35 states.
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