Financial Aid Optimization Process 1 of 2 – Overview

I have worked with Ruffalo Noel Levitz, Maguire Associates, and Hardwick Day (now EAB). They all follow a similar process.

• Start with the big picture
  • Take 3-5 years of data and look at the numbers in the aggregate
  • Calculate the highs and lows
  • Do a Monte Carlo simulation to determine the most likely data ranges (80% or other acceptable confidence level)
• Perform scenario planning using the above as upper and lower bounds
  • So it in person
  • Include all necessary parties