Student enrollment stabilization system
OwnerPatrick J. Fleminginventor
Life of this patent
Estimating the term…
Abstract
Data processing for an improved student population maintenance system for educational institutions predicts number of students for a target year, costs for target year, revenues for target year, tuition charges for a target year, marginal costs for each student in a target year, checks for internal accuracy and consistency compared to predetermined norms, calculates "scholarship" fee for prospective students at present value, checks for statistical validity. On a periodic basis, e.g. daily, present value of future tuition is recomputed to determine new scholarship fee for particular institution. Brokerage system for several institutions is also disclosed.
Claims11
A student enrollment stabilization system for an educational institution comprising:
- means for determining a ratio of an educational institution's historical full tuition student enrollment to the educational institution's market area's historical demographics;
- means for calculating future demographics of the educational institution's market area for a target year;
- means for calculating said target year's future full tuition student enrollment by multiplying said ratio by said calculated future demographics for the target year;
- means for calculatiing a tuition amount per student for said target year;
- means for calculating annual future revenue for said target year by multiplying said full tuition amount per student for the target year;
- means for calculating a total student enrollment capacity for an educational institution;
- means for subtracting a present year from a target year;
- means for calculating a student scholarship population size for a target year by subtracting the predicted full tuition student enrollment for the target year from said total student enrollment capacity;
- means for calculating annual future costs for said target year based upon said total student enrollment capacity for said target year;
- means for calculating an annual break even point of said educational institution for a target year from said annual future costs and said annual future revenues for said target year;
- and
- means for calculating a per student future scholarship fee for a target year using said calculation means;
- means for advertising, promoting and distributing positions in said target year's student scholarship population size, each said position being distributed at a fee approximating said per student future scholarship fee, said distribution not exceeding numerically said target year's student scholarship size.
A student population maintenance system for an educational institution comprising:
- data file means for storing an educational institution's historical full tuition student enrollment, an educational institution's market area's historical demographics, an educational institution's historical annual investment earning's rate, and an educational institution's total student enrollment capacity;
- manual entry means, connected to said data file means, for entering the educational institution's historical full tuition student enrollment, the educational institution's market area's historical demographics, the educational institution's historical annual investment earning's rate, and the educational institution's total student enrollment capacity into the data file means;
- data verification means associated with said data file means, for verifying data input into said data file means by said manual entry means for internal consistency and accuracy;
- calculating means for associated with said data file means for generating a ratio of the educational institution's historical full tuition student enrollment to the educational institution's market area's historical demographics;
- means for calculating a student scholarship population size for a target year by subtracting a predicted future full tuition student enrollment for the target year from the educational institution's total student enrollment capacity;
- means for calculating an educational institution's annual marginal cost for a target year from the educational institution's annual future cost and the educational institution's annual future revenue for said target year;
- means for calculating a per student future scholarship fee for a target year;
- and
- means for advertising, promoting and distributing positions in said target year's student scholarship population size, each said position being distributed at a fee approximation said per student future scholarship fee, said distribution not exceeding numerically said target year's student scholarship size.
A student population maintenance system comprising:
- account data files means for storing current information characterizing individual institutional accounts;
- data receiving means for receiving information from a plurality of institutions and from a broker of student scholarship positions;
- transmission means linking said account data file means to said data receiving means for transmitting information from said data receiving means to said account data file means and thereby updating said information in said account data file means;
- computational means electronically associated with said account data file means, for computing a student scholarship population size for an institution for a target year and for computing a student scholarship fee for said target year based on said institution's marginal costs for said target year;
- manual entry means associated with said account data file means and computational means for entering a student scholarship order for an institutional account;
- debiting means associated with and responsive to said manual entry means for debiting said student scholarship population size for a target year and for updating said student scholarship population size;
- and
- communicating means to communicate said updated available student scholarship population size, to said broker and to said institutions;
- means for advertising, promoting and distributing positions in said target year's student scholarship population size, each said position being distributed at a fee approximating said per student future scholarship fee, said distribution not exceeding numerically said target year's student scholarship size.
A method for increasing an educational institution's student enrollment in a target year comprising:
- determining a ratio of an educational institution's historical full tuition student enrollment to said educational institution's market area's historical demographics;
- calculating future demographics of the educational institution's market area for a target year;
- calculating said target year's future full tuition student enrollment by multiplying said ratio by said future demographics for the target year;
- calculating the full tuition amount per student for the educational institution for the target year;
- calculating annual future revenue for the target year by multiplying said future full tuition student enrollment for said target year by said predicted future full tuition amount per student for said target year;
- calculating a total student enrollment capacity for an educational institution for the target year;
- calculating a student scholarship population size for the target year by subtracting the predicted future full tuition student enrollment for the target year from said total student enrollment capacity;
- calculating the annual future costs of an educational institution for the target year based upon the capacity enrollment;
- calculating a break even point of the educaitonal institution for the target year from said annual future costs and said annual future revenues for said target year;
- calculating a per student future scholarship fee for the target year;
- and
- means for advertising, promoting and distributing positions in said target year's student scholarship fee, said distribution not exceeding numerically said target year's students scholarship size. thereby increasing said educational institution's enrollment for said target year.
Dependencies are inferred from the claim text.