Join us on February 25-26 for the AI Engage Summit  |

Register Today
EP
26
June 14, 2024
Episode 26: Addressing Dropout Risk: Academic and Financial Support for Students

Addressing Dropout Risk: Academic and Financial Support for Students

Or listen on:

About the Episode

About the Episode: 

In this episode of the EduData Podcast, hosts Jamie and Timothy explore a case study on late student departures at a four-year public university in the Midwest. The study focuses on factors contributing to dropout risk like total tuition, and GPA on student retention, providing insights and recommendations for academic and financial support.

Link to Case Study

Key Takeaways

  • Dropout Risk Trends: While dropout risk is highest during the first year of college, it spikes again after students have earned 100 credits, with a significant number leaving after 115+ credits due to financial strain.
  • Financial Pressure is a Key Factor: For students with over 140 credit hours, total tuition paid becomes the most important predictor of dropout risk, overtaking GPA and other academic factors.
  • Retention Strategies:
    • Academic support for students with 50–100 credits can address issues earlier.
    • Financial literacy programs and targeted scholarships for students nearing graduation can mitigate late-stage departures.
    • Institutions can leverage AI to deliver tailored interventions at critical points in the student lifecycle.

Episode Summary

Surprising Patterns in Dropout Risk

Jamie and Timothy delve into the Sightline case study’s key finding: while dropout risks typically decline after the first year, they increase again after students reach 100 credits. This counters the conventional wisdom that students are almost guaranteed to graduate once they pass their sophomore year.

Factors like mounting tuition costs, the financial burden of extended study, and the psychological strain of seeing peers graduate contribute to these late-stage departures. For students who change majors or retake classes, the cumulative effect of accruing excess credits and higher tuition fees becomes overwhelming.

The Financial Burden of Late Dropouts

The discussion highlights the significant role of total tuition paid as a dropout predictor for late-stage students. Sightline’s findings reveal:

  • For students with fewer than 20 credits, tuition concerns are negligible, accounting for only 10% of dropout risk.
  • For students with over 140 credits, tuition importance skyrockets to over 60%, surpassing GPA concerns.

This aligns with the broader context of rising tuition costs, which have increased far above inflation rates over the last two decades. The hosts emphasize that institutions must address this growing financial strain through better support systems.

Strategic Retention Efforts

Based on the study’s insights, Jamie and Timothy outline actionable strategies for higher education professionals:

  1. Targeted Academic Support: For students with 50–100 credits, focus on providing academic retention resources like tutoring, advising, and major-specific guidance.
  2. Financial Literacy Programs: Help late-stage students navigate loan repayment, budgeting, and financial planning to reduce dropout risks associated with money stress.
  3. Retention-Focused Scholarships: Offer scholarships tied to academic performance or progress toward degree completion, especially for students in their final year.
  4. AI-Driven Interventions: Use predictive analytics to identify at-risk students based on patterns in GPA, tuition costs, and credit accumulation, then deploy personalized support.

Connect With Our Co-Hosts:

Jamie Boggs
https://www.linkedin.com/in/jamiewboggs/

Timothy Davis
https://www.linkedin.com/in/davis-timothy/

About The Enrollify Podcast Network: The EduData Podcast is a part of the Enrollify Podcast Network. If you like this podcast, chances are you’ll like other Enrollify shows too!  

Some of our favorites include Generation AI and The Higher Ed Geek.

Enrollify is made possible by Element451 —  the next-generation AI student engagement platform helping institutions create meaningful and personalized interactions with students. Learn more at element451.com

Attend the Engage Summit for Free!

The Engage Summit is your roadmap for AI readiness in Higher Education. We’re not just talking theories; this conference is your guide to understanding and applying AI at your institution. By the end, you won’t just “get” AI — you’ll be ready to lead your campus through an AI transformation.

Every session at the 2024 Engage Summit (June 25-26) will be live-streamed (and recorded!) and registration is free!

That’s right – you can catch all the groundbreaking insights, innovative AI-strategies, and incredible speakers from the comfort of your own couch. No need to choose between sessions (because we’re recording them all!), no FOMO, and no ticket required.

👉🏻 Register By June 21

People in this episode

Host

Jamie Boggs is a Senior Engagement Analyst at Element451 and host of EduData.

Timothy Davis is an Engagement Analyst at Element451 and host of EduData.

Interviewee

No items found.

Other episodes

Episode 61: Moving from Assistants to an AI WorkforcePlay Button
Episode 61: Moving from Assistants to an AI Workforce

In this final episode of a three-part series, hosts JC Bonilla and Ardis Kadiu explore how AI is transforming the workplace in higher education.

Bonus: AI for Yield Season — Part 1Play Button
Bonus: AI for Yield Season — Part 1

Welcome to AI for Yield Season, a special mini-series of The Application! Each episode is short (less than 10 minutes!) and packed with actionable insights.

Episode 44: Using Short GIFs To Win Back StudentsPlay Button
Episode 44: Using Short GIFs To Win Back Students

Sean Whitten, Senior Director of Enrollment Services at Southern Methodist University, is redefining how admission counselors handle one of the toughest parts of their job: letting go of students who choose another path.

Bonus: After Further Consideration Part 5Play Button
Bonus: After Further Consideration Part 5

Hosts Dr. Cody Nielsen and Dr. Tomika Ferguson turn the spotlight on themselves reflecting on their professional journeys and lessons in leadership.

Episode 51: The ROI Reality Check: What Students and Families Actually Care About in 2025Play Button
Episode 51: The ROI Reality Check: What Students and Families Actually Care About in 2025

Hosts Seth Odell and Mallory Willsea tackle one of the most pressing questions in higher education today: What do students and families actually care about in 2025?

Weekly ideas that make you smarter

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Subscribe
cancel

Search podcasts, blog posts, people