In-Person vs. Remote Mega Analysis:
Modeling the Student Impact Scenarios
In our first video for the In-Person vs. Remote Mega-Analysis, we will model the student changes associated with in-person and remote teaching scenarios at an example college or university.
The analysis includes modeling various levels of student retention, tuition growth rates, and expense initiatives including an upgrade to a learning management system, COVID-19 testing, and remote teaching infrastructure.
Why Does an In-Person vs. Remote Scenario Analysis Matter to Higher Education?
This is the biggest question facing higher education right now. Many financial leaders are asking themselves, “how would an in-person teaching scenario affect our financials versus moving to remote semesters for 2021 and 2022?"
Through this analysis series, we are hoping to help college and university decision-makers analyze and understand how the various impacts associated with these two scenarios can be modeled.
The Synario financial modeling software is ideal for this type of analysis, as it can layer in each micro-scenario and initiative independently, allowing finance professionals to explore their outlook faster than any other modeling software.
Welcome to the first video of our in-person vs. remote mega-analysis, where we examine how higher education institutions could model the various aspects of in-person vs remote teaching scenarios.
In this video, we’ll show how Synario can model student impacts associated with in-person vs. remote semesters in fiscal years 2021 and 2022.
– In-Person Scenario –
Here you can see we have our operating margin displaying our baseline projection until 2030. This projection shows what our operating margin would look like without the impacts of COVID-19.
Let's first look at our in-person teaching scenario vs. our baseline projection. In this scenario, students are returning to campus at close to full capacity, so we need to add COVID-19 testing and preparedness expenses.
In our in-person scenario drop-down, I’ve selected the in-person student micro-scenario as well as turned on the COVID-19 testing expense. By toggling the scenario on in the operating margin graph, I can quickly see how that scenario would differ from the baseline projection.
If we wanted to change the assumptions associated with student retention, we can simply enter a new number in the assumption table to the right and watch the scenario update automatically.
– Remote Scenario –
Moving to the remote scenario, we can select the appropriate student micro-scenario from the drop-down, as well as turn on the expenses associated with remote learning, which in this case are an enhanced learning management system and remote teaching equipment and infrastructure.
We can see from our student assumption table that the remote micro-scenario shows most students moving online for fiscal years 2021 and 2022 with a slight decrease in the tuition rate during those years.
By selecting the remote scenario from the toggles available on our Operating Margin graph, we can see that this scenario has a larger negative impact than the in-person scenario.
The Synario financial modeling software also makes it easy to see the difference between the two scenarios on our integrated financial statements. By selecting the difference toggle at the top of our statements, Synario will highlight the impacted line items across all three financial statements.
That’s it for this video. Stay tuned for our next video as we layer in impacts to auxiliary revenues.
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