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FABLAB 2021
On Demand

Unlock Access to
Financial Aid Boot Camp

Financial Aid Boot Camp When You Need It

FABLAB 2021 was a virtual event designed to help K-12 financial aid professionals grow their knowledge and skills with education and training from industry professionals. You can get access to all the superb insight from Day 1 Thought Leadership Content on demand now! 

Day 1 on demand access for $250 gives you access to:   

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How to develop a methodology that meets your mission with experts from NAIS 

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How today’s parents are making purchasing decisions with experts from EMA 

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Why it’s important to build a strong relationship between your finance and enrollment offices with experts from NBOA 

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Why now is the best time for innovation  

 Featured Content from Leading Tuition and Education Speakers

Mark_Mitchell

Finding Harmony between Mission and Methodology 

Featuring Mark Mitchell, Vice President, National Association of Independent Schools (NAIS) 
Determining a family’s ability to pay your school tuition is the cornerstone element in any need-based financial aid decision-making process.
No matter what formula you use to calculate family contributions, the ultimate decision is yours to make for each family and it needs to reflect what you believe about what should matter and what should not. What makes deriving “family contribution” simple and what makes it complex? What should apply to everyone and what should be more flexible? What levers can, should, or might you pull to be sure that the calculations are aligned with what your school feels are the key considerations? Join this conversation to consider how what you think, what you say, and what you do are in harmony when assessing what a family should be able to commit to tuition and other school costs. 
Hans-Mundahl

From We to You: Data, Values, and the New Independent School Shopper

Featuring Hans Mundahl, Director of Professional Development, The Enrollment Management Association (EMA)
According to data from The Enrollment Management Association's Ride to Independent Schools Report 2020-2021*, a seismic generational shift has taken place in independent school shoppers.
GenXers and Millennials have radically different purchasing values than their predecessors which will have significant implications for admission and financial aid in the coming years. This data-driven workshop will help attendees understand how today’s independent school families make purchasing decisions, what families think about tuition, affordability, and financial aid, and offer actionable next steps to help schools meet their enrollment and revenue goals.

*View report here.

Jennifer-Osland

The Finance and Enrollment Partnership: Advancing Business Excellence in Independent

Featuring Jennifer Osland Hillen, Chief Learning Officer, National Business Officers Association (NBOA) and James Palmieri, Executive Vice President, National Business Officers Association (NBOA)
Financially healthy schools have resources to sustain current and projected future obligations for the long term, relative to their individual mission. They have successfully developed and implemented financial plans for both strategic, capital investments as well as annual operations, which are funded in large part by tuition and fees, so a strong partnership between the business and enrollment offices is critical.
As we venture further into the 21st century, the narrative about the future of PK-12 independent schools isn’t always uplifting. Shifting demographics, increasing options for school choice, and higher costs of living, juxtaposed with only modestly increasing household incomes all limit the number of families able – and/or willing – to pay our schools’ rising tuition costs. Some believe these factors will send a good portion of our under-enrolled and under-resourced schools into a forced closure or merger, and school leaders are justifiably anxious.
However, in the same vein, this landscape is accelerating the opportunity for schools to pull revenue and expense levers to better reflect their priorities and missions in both their annual budgets and long-term projections. In addition, in many regions, there has been a renewed interest in the value proposition behind independent education as a result of the COVID-19 pandemic. As we seek to retain our current students and attract new ones, the door is open for schools to rethink their tuition and revenue models, and the time is now for innovation.