Objective #1: Increase enrollment
Faced with declining enrollment, one client university signed up to use LRAP in late May, received training in June, and decided to offer LRAP to low-yield target groups:
- Transfers (non-deposited)
- Freshmen (on the fence, financially)
The results were incredible. They secured an additional 17 students, using LRAP’s proven success to provide peace of mind for cost-sensitive families, throughout the summer, and secure additional enrollment that fall.
Objective #2: Improve access and affordability
Encouraged by the power of LRAP to support their institutional mission while providing a safety-net for families with fewer resources, another client university decided to offer LRAP to low-yield students, to provide peace of mind and help increase access and affordability initiatives.
After signing up to use LRAP in early June, the university’s admissions team began sending information to their non-deposited students, in an effort to secure their fence-sitters and increase enrollment. By fall, they had secured an additional 11 students who had not planned to attend.
You don’t pay for LRAP until it works. There are no upfront costs to add LRAP to your enrollment toolbox. You only pay for students who enroll after you offer them LRAP. No payment is due until after the drop/add period at your institution.