This is the first of a series of blog posts related to the multi-program financial model I have built. This financial model, housed in a Google Sheet, predicts the cash flows for your institution if it were to launch up to five new online programs in the next six years. This is a complicated model; it requires that you be able to answer a series of questions about your institution and those programs...so this won’t be a short exercise. But I’ve made it easier for you by already building the model—you just have to fill in the values. And you can always change your answers later as you learn more!
Since 1742 Moravian College has had a history of providing access to underserved students. It was the first school to educate women and the first to educate Native Americans in their own language. As times have changed, so has the college. A men’s college (a seminary) was added in 1807, and in the 1950s the two colleges merged to become coeducational. Then, as the new millennium progressed (and in keeping with its mission of access), Moravian College faced the need to transition into the digital age.
As we enter 2019, many institutions that have tiptoed around the digital landscape are coming to grips with the realization that online learning is almost certainly in their future, one way or another. One driver is declining overall enrollments; the latest statistics show a drop of 90,000 students — or a half of a percentage point — during 2017, the most recent period for which we have data. At the same time, enrollments in online learning increased by 350,000, or 5.7%.