1. Create Program Differentiation

Creating detailed program differentiation is largely considered to be one of the best ways to augment student enrolment in higher education courses. Differentiation primarily involves the efforts made on an institution’s behalf to respond to variance in terms of student expectations, interest, receptivity & learning profile.

At the most basic level, differentiation tends to work in three different ways:

• Content– what the student is learning & how is that specific type of information being provided
• Process – what are the teaching methodologies being employed & what kind of learning environment is being created
• Product– how do the students ultimately use the acquired knowledge in practical/real-time situations

Differentiating programs on both, a macro and a micro level can help universities increase student enrolment and thus, their ROI. This is because compelling and unique courses generally serve as an instant attraction for students who possess a wide range of academic interests.

2. Increase Student Engagement 

Driving student engagement with respect to a higher education course can have a direct impact on the improvement of its ROI. Students engaged in the course don’t just end up gaining a great amount of knowledge, but they also begin to develop productive learning relationships with others.

For most practical purposes, student engagement can be enhanced by:

• Embedding interactive elements in the course content
• Conducting online assessments & providing immediate feedback
• Using multimedia elements, including audio-visual aids
• Experimenting with participatory elements like simulations & quizzes
• Opting for scenario-based learning instead of regular, rote methods

If the students are thoroughly engaged with the fundamental fabric of their course and its content, their retention power and academic performance would increase. This would further result in an unwavering rise in the overall ROI of the higher education course.

3. Lead with Digital Transformation 

Digitization, in the last few years, has emerged as a prominent pedagogic tool. It has challenged all traditional learning architectures while using collaborative, transparent digital systems to contextualize knowledge, enhance reach, improve access, promote understanding and therefore, facilitate learning.

Such digital transformation can work wonders in improving enrolments by:

• Streamlining all academic operations in a cost-effective manner
• Saving time by automating the entire learning life cycle of a student
• Maximizing resource utilization
• Monitoring student performance to foster better decision making
• Tweaking course structures to suit the needs of students
• Facilitating communication channels for ease of information exchange

For most universities, such digital transformation can be brought about by adopting dynamic enterprise resource planning (ERP) software. ERP can open new frontiers by increasing institutional efficiency, measuring learning outcomes, optimizing long-drawn processes and augmenting a course’s ROI.

4. Design Competency Based Curriculum 

Higher education courses usually tend to be based on conventional types of curriculum. While this is apt for imparting basic subject knowledge, it does not help students in standing up to contemporary, real-world challenges. This is why universities and colleges need to design curriculum, which is both learner-centric and faculty-oriented. The only way to do so is by devising a competency-based curriculum.

A competency-based curriculum primarily keeps the key competencies required to succeed in the modern world, as the basis of crafting course details. It doesn’t merely relegate itself to the corridors of knowledge transfer. Rather, it ventures into the arena of skill acquisition and attitude building. Being unbound by the fetters of subject restrictions, a competency-based curriculum helps educational institutions deliver results, attract students & improve enrolments.

5. Improve Data Accuracy 

Last but not the least, the ROI of higher education courses can be enhanced by improving institutional data accuracy. Collecting accurate and precise data can help universities find out whether the course content is meeting student aspirations or not. It can also provide details about their overall performance, learning outcomes and interaction levels. As a result, institutions can gain better insights into their course delivery mechanisms and can alter them to become more student-friendly and financially rewarding.