Discount Modeling: Understanding Need-Based and Sliding-Scale Tuition Awards

Discount Modeling: Understanding Need-Based and Sliding-Scale Tuition Awards
Discount Modeling: Understanding Need-Based and Sliding-Scale Tuition Awards

Volume 46

No. 8//

October 1, 2021

Discounting, whether your school uses a need-based financial aid approach or a sliding-scale approach, is a complex task. Determining to whom and for how much to reduce tuition can be less complex if you build a discount model to more thoroughly understand and assess applications, giving your award team confidence in their decisions. As the first step, the School Head should appoint a modeling task force and ask the Business Officer to lead this endeavor.

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