Enrollment is a secondary indicator clip 100525

Many times when you're sitting there as a board member or a college leader, the media follows enrollment trends, and indeed enrollment is an important consideration. But when we look at the data, we consider it at best a secondary consideration because of course enrollment doesn't pay the bills. It is the tuition and fee dollars from those enrollments that pay the bills. And so while we're going to look at student counts and enrollment counts here, we're also going to look at some other measures that more accurately reflect the revenue generated by these students. So again, we can look at our two demo colleges. We can see the standard, standard lines. Let's take a look at the percent change. This is a nice standard measure that we like to use, and we can see that the enrollment FTE students, standardized enrollment that we use, is up 16% from 2016. The enrollment at our second college, Webster, is down almost 40%. Now you can draw a logical conclusion that Chapman is in better shape because they enroll more students than Webster University, but in a minute we're going to look at net tuition revenue and other measures that might show additional insight as to what's going on.