Universities today have access to more data than ever before to assess student success and graduate outcomes. But having data is only part of the equation. The real challenge is turning insights into action.
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Starting a college project is fascinating; nevertheless, maintaining profitability is quite another matter. Many college businesses find it difficult to maintain revenue growth between increasing running expenses, administrative inefficiencies, and erratic cash flow. Actually, cash flow issues cause 82% of small firms to fail; education startups are not an exception.
The fix? smarter, data-based ideas for college recurrent income. Supported by actual data, let’s explore five tested strategies to make your college startup a revenue-generating machine.
Unbelievably, mistakes in manual fee processing could cost organizations up to 25% of their whole income. Automating your fee collecting guarantees faster payments, less billing errors, and simplifies the process. Studies reveal that companies implementing automation cut their running expenses by thirty percent; consider what that could mean for the financial situation of your college.
Using a cloud-based fee management solution can help you to automatically handle receipts, cut manual invoicing, and send quick payment reminders.
Automate Fee Collection: Save Up to 30% of Costs
Unbelievably, mistakes in manual fee processing could cost organizations up to 25% of their whole income. Automating your fee collecting guarantees faster payments, less billing errors, and simplifies the process. Studies reveal that companies implementing automation cut their running expenses by thirty percent; consider what that could mean for the financial situation of your college.
Using a cloud-based fee management solution can help you to automatically handle receipts, cut manual invoicing, and send quick payment reminders.
Weary of hunting payments? When institutions deliver timely SMS, email, and push notifications, a shockingly 45% of late fees are paid within a week. Automated reminders guarantee parents and students never miss a deadline, therefore reducing late payments and improving cash flow.
To expedite collections and save administrative expense, schedule automated reminders for due dates, past-due penalties, and payment acknowledgements.
Unchecked expenses cause colleges to bleed money; but, systematic expense tracking helps to control 60% of operational costs. Institutions can recognize early overspending, maximize resource allocation, and increase profitability by real-time cost capture and manual expenditure entry elimination.
Use cost control tools to oversee vendor payments, check program budgets, and guarantee every dollar counts.
Think about predicting financial constraints. Data analytics boosts revenue by 20% for institutions tracking revenue, costs, and student performance. Late payments, course profitability, and untapped income potential are visible in real time dashboards.
With a real-time performance metrics dashboard, track cash flow, find income trends, and improve financial agility.
The path to a sustainable, recurring revenue model isn’t about working harder — it’s about working smarter. By embracing automation, student relationship management, expense control, and data-driven decision-making, your college startup can maximize revenue, minimize costs, and scale faster than ever.
Ready to future-proof your revenue strategy? Let Creatrix Campus help you build a smarter, more profitable institution — starting today.
Investing in Arts Education
Pursuing a career in art therapy can help turn your creative and artistic abilities into a mental health profession, allowing you to support others, especially at a time when Americans are facing unprecedented mental health crises.
Every day, art therapists support their clients within a therapeutic relationship to use art and creativity to improve their mental, emotional, and physical well-being. They work with people of all ages and backgrounds — from children experiencing developmental delays or emotional and behavioral challenges to military service members with PTSD to older adults struggling with dementia or Alzheimer’s disease.
“At the heart of my work as an art therapist is the creativity and self-expression found in art-making. We’ve all experienced it as children, and some of us have the joy to work with art to help people and communities heal. I’m always inspired by clients who may be afraid of using art materials as non-verbal language at first, but try it anyway,” explains art therapist Christianne E. Strang, Ph.D., ATR-BC.
Particularly when people are struggling, facing a challenge, or even a health crisis, their own words or language may fail them. During these times, an art therapist can help clients express themselves in ways beyond words or language. Art therapists are trained in art and psychological theory and can help clients integrate nonverbal cues and metaphors that are often expressed through the creative process.
According to research, art therapy helps people feel more in control of their own lives and helps relieve anxiety and depression, including among cancer patients, tuberculosis patients in isolation, and military veterans with PTSD.
According to art therapist Kathryn Snyder, Ph.D., ATR-BC, LPC, “Engaging in art therapy offers imagery and creative processes that support communication, expression, and insight into, as well as release of, difficult emotional experiences.”
Art therapists serve diverse communities in different settings, such as medical institutions like hospitals, cancer treatment centers, and psychiatric facilities; outpatient offices and community centers; and schools. Many art therapists have independent practices. They also help support individuals and communities after a crisis or traumatic event, like a mass shooting or a natural disaster.
Training in a broad range of psychological theories and ways to use art media and creative processes is necessary to becoming an art therapist who is able to help people process and cope with mental health challenges. Art therapists hold postgraduate degrees and are then credentialed by the Art Therapy Credentials Board as ATR (art therapist registered) or ATR–BC (board-certified art therapist registered).
Learn more about art therapy and how to become an art therapist through the American Art Therapy Association.
If families looking to relocate to “top destinations” such as the US and Canada choose the right program for their children, they may be granted permanent residency as domestic students or even graduate from their chosen institution as residents or citizens, according to Tess Wilkinson, director of education services at Henley & Partners Education in the UK.
“We’re now seeing a real uptick in the types of families who are now becoming aware that there is an option for them,” she told The PIE News.
“For families looking at relocating, there can be real gains in the amount of fees they spend on education in places like Canada,” she explained. “They can they can save [up to] $150,000 on fees.”
The sheer number of clients asking for assistance in this area signals that education is swiftly becoming “one of the key drivers for people looking at second residences to citizenships”, she added.
Henley & Partners refers to itself as a “global leader in residence and citizenship by investment”. Its education arm, Wilkinson explained, helps to “advise transnational families who are looking for global education solutions”.
Working with families all over the world with children and adults of all ages – from K-12 to those seeking master’s degrees or MBAs – it “assists them to find the right match”, taking into account children’s individual needs and the types of residency or citizenship that may become available to its clients through educational opportunities.
“We can advise on all the top-tier destinations. So we have a family, for instance, who are considering the UK, the US and Australia and they’re putting in applications for all three countries,” Wilkinson shared.
We’re now seeing a real uptick in the types of families who are now becoming aware that there is an option for them
Tess Wilkinson, Henley & Partners Education
With immigration policies in key markets such as the UK, the US, Canada and Australia shifting all the time, Wilkinson acknowledged that it “is not something that is simple”.
But she said that, with expertise across a number of key markets, Henley & Partners can provide families with education counsellors to help match children to institutions that suit them best, as well as help with applying to universities or summer programs.
The ‘big four’ international education destination countries are all seeing turbulence in their respective markets. Some of these restrictive policies are having an impact on students’ ability to study in the countries, hindering them from securing post-graduate residency in their chosen destination.
Australia and Canada are both subject restrictions on international students, while UK universities’ international departments have been blighted by a crackdown on overseas students’ ability to bring their families into the country with them.
Meanwhile, Donald Trump’s second term as US President continues to present challenges to the sector, as he freezes study abroad funding, battles against DEI legislation and moves to arrest or even deport international student protestors.
Tess Wilkinson will be speaking at The PIE Live Europe at the PIEx Power Up Expanding horizons: accessing global education & opportunity via investment migration on March 11 at 16:00. Tickets are available online here.