Ruffalo Noel Levitz
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Optimizing Financial Aid Packaging Through Data Science
Director, Statistical Delivery
Tim Schuldt
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Who is Ruffalo Noel Levitz?
What is the current state of higher education?
How are we helping our partners succeed?
Q&A
Closing
Key Objectives
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1Who is Ruffalo Noel Levitz?
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2What is the current state of higher education?
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3 How are we helping our partners succeed?
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Relative strength of
model variables
Initial source HS GPA
Net charges Distance
Department
Econometric model (logistic regression)
Models based on 2-3 years of historical data
Econometric modeling
Models measure the likely change in enrollment for every $1,000 change in net charges
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Enrollment headcount
Quality / credentials
Finances(cost, net revenue/
discount rate)
Optimization and simulation (these core variables
plus three more can be used)
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Scenario generation
The optimization and simulation step allows us to
tests every possible combination
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Optimization and simulation scenario resultsThe consultant has many optimized scenarios to review
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Visual Analytics Demo
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4 Q&A