Why Drexel U. Tames Its Application Monster
When applications fall, trouble often follows. So when Drexel University saw about half as many applicants this year as last, it braced for a smaller freshman class — and less revenue. In June the institution laid off a few dozen employees, part of a restructuring plan already underway to save $18 million while reducing tuition increases. Those cuts went hand in hand with a new enrollment strategy, says John A. Fry, the university’s president: "We were trying to hedge our bets, knowing we were going to be in uncertain territory." Still, he’s confident.