Financial Health of Institutions Of Higher Education Essay

Financial Health of Institutions Of Higher Education - Essay Example However, with the current increased competition for students, this proved to be more difficult and getting enrolments which were high enough was hard for the college. Part D Offering training and certificate courses to lead to degree courses is important in at least two ways. To begin with, it helps increase the enrolment from many students who may not qualify to go directly to the degree course. If students can, and actually should, be considered as customers in the case for colleges, addressing this part for he market is a good way for the college to differentiate itself especially from the bigger universities which offer stiff competition for the students. Offering certificate and diplomas to help these students to bridge for their degree courses gives many people the opportunity to qualify for degree courses and at the same time give the college a new market segment to increase its overall market share. This definitely increases the enrolment and increasing enrolment will increas e the amount revenues through tuition fees. Part C There are many people who see this kind of path towards achieving higher education as a very important way to go on with their education. Many people fail to get the required grades to join college for various degree courses not necessarily because hey are not academically competent, but due to various issues. Giving them this avenue is an important way to help them to achieve their academic goals without allowing past barriers to prevent them from achieving these goals. As a result, offering these certificate courses to these students will definitely attract more students and more students also mean more money in the form of college tuition fees. The biggest advantage is that the cost of training certificate students is relatively low as compared to higher courses and this keeps costs down while at the same time increasing revenue. The other important thing with this strategy is that most of these students who have not qualified to degree courses and a looking for bridging courses are more willing to pay their fees without looking for subsidies and this reduces the financial burden for the college per student. It is also likely to get more enrolment from the local community because students do not travel to institutions which are too far from home to go and do these bridging courses. The only students who go to college which are far from their local area are those who are doing degree courses or post graduate courses. However, the main reason that this strategy was very successful is because it was not just a way to increase revenue, but it is also a solution that is solving other educational needs by giving individuals a second chance in acquiring higher education. Part D: not applicable Section 2 Both Georgetown College and Wesley College are not doing better than they were doing before. Their main revenues streams have declined over the years across the various streams of revenues. This indicates that the two colleges are not doing well and they have not been able to use the advice given as a way to make sure that they have healthy financing. The lack of success for the two colleges can be seen in the way they have both come from higher revenue flows in the year 2001 to lower revenues in the year 2010. Overall, they have done worse in placing themselves in a path that is of worse and riskier financial life. With regard to private gifts grants and contracts Georgetown College