It is easy to fall into the trap of assuming students are not paying on time because they don't want to or they are being lazy. But if we truly understand the reasons they might not pay, we can provide students with better support. Anthony Morrone, FAAC® created a framework based on Crucial Accountability to examine why students don't pay looking at the personal, social and structural reasons and provided higher ed institutions with recommendations against each one. For example: if the issue is Structural Motivation: 🥕 Take a look at what incentives you might create for paying on time. It doesn't have to be monetary to work 𓆱 If you have penalties, enforce them Read more here: https://lnkd.in/e8imtqEc #highered #tuition #accountability
About us
The finances of higher education today are as complicated as they are expensive. Meadow’s student-friendly tools use advanced personalization and modern consumer design to improve the financial experience for everyone–from institutions to the students they serve. Meadow Price is the only net price calculator that is designed to be both accurate and student-friendly because we know that when more students see your net price, more students apply to your institution. Students get frustrated when bills are confusing and SIS portals are hard to navigate. Meadow Pay is the only solution that integrates student-friendly design with advanced personalization for a superior student financial experience. The company was founded in 2021 by recent graduates from Columbia University as well as second-time founders who have worked at AmEx, Klarna, Outschool and Amazon.
- Website
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https://www.meadowfi.com/
External link for Meadow
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2021
Locations
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Primary
New York, NY, US
Employees at Meadow
Updates
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Alabama students are you ready? Your story starts at Bevill State Community College! With 4 campuses and 1 instructional site, BSCC serves over 250K students across 7 counties and 4600 square miles. Bevill helps students create their path to individual success, while helping communities to thrive. 76% of Bevill students receive #financialaid and you can too. Check out their new #netpricecalculator and see what it will cost you to attend a school where everyone strives for excellence: https://lnkd.in/guygw-b6
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Students are sending emails, making calls and showing up in financial aid and student accounts offices because they have questions about their aid and about their bills. And the offices are overwhelmed. 7-14 days for an email response. 30 minutes on hold on a call. The impact of the #FAFSAdelays continues. What they need is your support. What they will take instead is coffee. ☕ #financialaid #highered #tuition
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It's college that is convenient and flexible. It is a chance to choose from 50+ associate's, bachelors, master's and doctoral programs. It is the opportunity to take 5-6 week classes and earn a degree in a high demand field. It is a way for you to pursue your dreams. On your timeline. And you can afford it. Check out the new #netpricecalculator The University of Arizona Global Campus and find the program that is right for you at a price you can afford. https://lnkd.in/g_dbQznc
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We like a good mystery as much as the next person but if you are wondering "who is the mysterious #netpricecalculator that helped Colorado Mesa University send out all those early aid letters and increase enrollments?" we have a spoiler alert. 😊 It was us 😊 We are excited and humbled to see continued coverage of their innovation and leadership during the delayed FAFSA rollouts. Just living up to that Mavericks name! https://lnkd.in/gUFWFMCJ
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Anthony Morrone, FAAC® developed a diagnostic framework to help #bursars and #studentfinancialservices figure out why students aren't paying their tuition and how to support them in paying on time. It is a new look at an old problem and full of great recommendations. #tuition #payments #crucialaccountability #highered
Unlocking the Secret to Understanding Students
Meadow on LinkedIn
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We exist so that students like this one realize they can afford the college of their choice. We built the #netpricecalculator for University of Wisconsin-Madison in close collaboration with the school. It includes all aid, from federal to institutional. It shows how affordable the school can be. We know it is accurate. If we could find lil-geeky-bookworm we'd tell her ourselves: Do it. You can afford it. 📚🐛. If you know her, pass it on!
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"But that progress has come at the expense of many college administrators who have been forced to work through the summer completing aid offers, as well as students who have had to postpone enrolling to weigh competing offers and decide where they can afford to attend school." We spend a lot of our time talking to #financialaid leaders and this rings so true. The #FAFSAFiasco significantly impacted not only students, but also schools. Thanks to Zach Montague for the coverage. https://lnkd.in/gsf-tkGP
After Botched Rollout, FAFSA Is Delayed for a Second Year
https://www.nytimes.com
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A/R has been increasing in colleges and universities across the country over the last few years and the 2024 transcript hold ban is likely to make the problem worse. The Facts: 52% of institutions reported an increase in student A/R 33% of all institutions hold more than $5m in student A/R 10% of staff time is spent trying to recover past due accounts. Chasing students is often manual, time consuming and frustrating. It feels like a priority but rarely makes it to the top of the to-do list. So it often gets ignored. The Repercussions: 😒Students who miss payments stop-out of college and, when universities are unable to serve them, they often drop out entirely. 📉Enrollment decreases. 💲Revenue decreases. The Solution: Sending the right message at the right time and via the right channel can turn things around. It’s a quality not quantity game: the subject lines have to be crisp, the call to action in the email clear, the channels varied between email and SMS. Students need to be able to pay or set up a payment plan in one step, not several, and they need to do it from their phones. If we want students to do something hard, we have to do everything we can to make it easy. https://lnkd.in/gDuSBh8W
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The National Association of Student Financial Aid Administrators (NASFAA) community was clear - ED needs time to get the FAFSA right - and their message was heard. https://lnkd.in/gUfKtCAi We are hopeful the delayed launch, coupled with proactive communications and extensive testing, means this year will be a better one for #financialaid leaders. And we know that while schools are waiting for the FAFSA to launch and the data to come in, our #netpricecalculator can help.
In response to today’s news, NASFAA Interim President & CEO Beth Maglione released the following statement: “The fact that we are still, to this day, dealing with the aftershocks of this year’s #FAFSA rollout shows just how imperative it is that the process is thoroughly tested from end to end and launched as a system, not in a piecemeal manner. Ideally, we would have a fully functional, well-tested FAFSA opening on October 1. But given where we are in the process, and the challenges that have plagued this year’s rollout, we would rather wait until December 1 to allow time for the necessary testing to ensure a functional system when ED launches the 2025-26 FAFSA. It is encouraging that the Department listened to NASFAA and community input and is now communicating fall timelines ahead of time. It is less encouraging to hear that next year’s FAFSA will launch without batch corrections functionality. As we move forward, we hope that ED will maintain a high level of transparency — particularly around issues that would directly impact the ability of financial aid professionals to serve students, such as a functional batch corrections process. We also hope this two-month planned testing period will allow for a much smoother rollout when the FAFSA is available to all applicants on December 1. We all want this year’s FAFSA rollout to work for students and schools, and urge the Department to keep the lines of communication open with the financial aid community so that we can plan appropriately, provide accurate advice and assistance to students, and help troubleshoot issues as needed.” NASFAA's full press release is linked in the comments below.
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