Each semester, universities manage millions of dollars in scholarship funds, grants, loans, and tuition revenue. The university must budget for each allocation and develop management plans accordingly, affecting enrollment, student success, university revenue and even university relations.
- Leveraging individual student data to simulate the most likely budgeting outcomes
- Providing 4, 8, 12, and 16-month lead times
Goldstrike has reduced Michigan Tech’s financial aid relative budgeting error from approximately 10% to less than 3% on average!
Michigan Tech can now allocate funds and resources much more efficiently each semester!