This Task Force Report provides recommendations to consider in a serious effort to reduce the pressure to raise tuition, to maintain access for our traditional constituencies, grow enrollments in new markets, and to retain or increase our competitive advantage as a Catholic, Jesuit institution of higher learning in Chicago.
The recommendations of this study enhance the University's Strategic Plan. The recommendations also create a path for the University to address challenges outlined in Deloitte's "Making the Grade" report while advancing its mission as "a diverse community seeking God in all things and working to expand knowledge in the service of humanity through learning, justice and faith."
- The University has made significant progress towards achieving the goals of the 2009-2015 strategic plan. The Task Force recommends enhancements to the plan to create four areas of excellence that are Loyola's differentiating assets:
- The premier undergraduate experience
- Catholic health care leadership formation
- Urban environmental sustainability
- Current economic conditions, changes to student demographics, concerns over student indebtedness, and a desire to expand beyond traditional markets are the catalysts for Loyola to analyze its current enrollment strategy. To maintain a diverse enrollment mix, the University must adapt its enrollment, financial aid, and pricing strategies to strengthen its commitment to diversity, accessibility, and affordability. The Task Force recommends a new enrollment strategy to recruit more adult, international, and transfer students; adjust the rate at which tuition is discounted; and decrease the percentage of undergraduates with high financial aid and borrowing needs.
- The university's financial aid budget is funded primarily by tuition revenue. The Task Force recommends decreasing this reliance by growing endowment-funded scholarships while continuing to control costs, shifting more financial aid experiences to the endowment.
- Loyola must expand opportunities for online education. To do this, the Task Force recommends a refined University-wide strategy for online learning, including standard technology platforms and user support, and coordinated efforts for marketing, recruiting, faculty training, and student services.
- Better management of existing resources, including talent, is needed to re-direct funding toward the University's strategic priorities. The Task Force recommends gaining a better understanding of current costs to show where they could be contained. With this information, Loyola can establish new ways to measure performance; improve the effectiveness of academic programs; restructure faculty, staff, and benefits costs; and improve productivity through new compensation and evaluation models.
- Loyola's recent capital investments have produced an infrastructure that is ready for the future. The Task Force recommends that no new action is needed in this area beyond maintenance and completion of existing projects.