Managing Financial Aid Appeals Process
Othot developed models for a higher education institution after its initial aid allocation and to manage its appeals process. Using Sensitivity Analysis, the institution discovered which students were more sensitive to incremental aid awards.
The institution evaluated each prospective student for appeal, and disbursed additional funding only when the models deemed it necessary.
The institution is currently on target to grow its overall enrollment by 10% compared to last year, while managing to spend the same amount of aid through the appeals process.
Othot and the higher education institution are partnering to create a financial aid matrix to inform the budget for 2019 and evaluate prospect buys.