Maguire Associates Program Responds to Survey of College Leaders Who Identify Retention as Top Challenge
New York IslandersCONCORD, Mass. -- Maguire Associates, Inc., a research-based consulting firm serving educational institutions and consortia, today launched a comprehensive program (), to help colleges and universities solve the critical challenge of improving student retention rates. The new program helps institutions understand why students are leaving and delivers evidence-based, action-oriented recommendations for increasing net revenues by raising the number of enrolled students who remain until graduation.
鈥淎 majority of college and university leaders surveyed by Maguire Associates report that improving student retention and graduation rates is their most pressing challenge, as they look to make substantial gains in revenue and reputation, and foster more alumni giving. These leaders and administrators also have a new sense of urgency as the U.S. Government prepares to make stimulus monies available to help institutions improve their retention performance. Despite this opportunity, we understand that mobilizing systems and strategies to get started, or even recalibrate an existing retention program, can be a watches-w daunting task. We鈥檝e formalized and built our existing offerings into this new service that provides a clear roadmap,鈥?said Kathleen Dawley, President, Maguire Associates.
Four Distinct Services
The Maguire Associates program includes four distinct retention services that institutions can elect, depending on their needs, goals and timetables:
鈥淔requently, colleges find that retention is the concern of many but the responsibility of no one. In fact, many of the leaders Maguire Associates surveyed reported that there is no single person designated to track and improve retention at their institution. The Diagnostic The Bangles Eternal Audit seeks to uncover such systemic challenges and identify specific areas for improvement,鈥?added Ms. Dawley.
Other services, all of which incorporate the Diagnostic Audit, include:
Estimating the Revenue Opportunity
Each service also incorporates Maguire Associates鈥?free Retention Revenue Estimator that illustrates how much revenue colleges and universities stand to gain by improving retention. It measures the financial impact of a wide range of factors, from the percentage of students retained from the first to the second year, to the tuition and mandatory fees for which each student is responsible. Colleges and universities can go to to complete the Estimator.
For additional information on Maguire Associates鈥?retention services, please visit or call 978.371.1775.
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