Optimizing Financial Aid Packaging Through Data Science · Ruffalo Noel Levitz All material in this...
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Ruffalo Noel Levitz 1 All material in this presentation, including text and images, is the property of Ruffalo Noel Levitz. Permission is required to reproduce information. Optimizing Financial Aid Packaging Through Data Science Director, Statistical Delivery Tim Schuldt
Transcript of Optimizing Financial Aid Packaging Through Data Science · Ruffalo Noel Levitz All material in this...
Ruffalo Noel Levitz
1All material in this presentation, including text and images, is the property of Ruffalo Noel Levitz. Permission is required to reproduce information.
Optimizing Financial Aid Packaging Through Data Science
Director, Statistical Delivery
Tim Schuldt
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Who is Ruffalo Noel Levitz?
What is the current state of higher education?
How are we helping our partners succeed?
Q&A
Closing
Key Objectives
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1Who is Ruffalo Noel Levitz?
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2What is the current state of higher education?
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3 How are we helping our partners succeed?
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Relative strength of
model variables
Initial source HS GPA
Net charges Distance
Department
Econometric model (logistic regression)
Models based on 2-3 years of historical data
Econometric modeling
Models measure the likely change in enrollment for every $1,000 change in net charges
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Enrollment headcount
Quality / credentials
Finances(cost, net revenue/
discount rate)
Optimization and simulation (these core variables
plus three more can be used)
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Scenario generation
The optimization and simulation step allows us to
tests every possible combination
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Optimization and simulation scenario resultsThe consultant has many optimized scenarios to review
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Visual Analytics Demo
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4 Q&A
