With 5 weeks to go before the fall semester started, Augustana College kicked off a pilot program using Degree Insurance to recruit transfer students.
Augustana had 39 transfer commits, and expected to end up with 44 given trends from previous years.
But, 2021 wasn’t a normal year. Augustana saw 11 of those 39 transfer students “melt,” ultimately not enrolling.
Thanks to Degree Insurance, Augustana was able to overcome those losses and ultimately increase enrollment 20%, resulting in a class of 47 new students.
- Estimated program cost: $60,000
- Estimated first year revenues to Augustana: $250,000
- Estimated total revenue gains (next 4 years): $750,000