Time is a critical factor for transfer students seeking potential universities. The days of in-person applications that took weeks or even months are long gone. In our digitalized world, students expect instant responses and services. When these expectations are not met, they are more likely to seek alternative options.Research shows that over a third of prospective applicants prefer to complete their admissions and financial aid paperwork online. Students desire greater clarity regarding required documents, timely updates on their application status, and a quicker decision-making process.So, how can we reduce the transfer process duration and ultimately boost enrollment rates?
Enrollment rates are affected by the speed of transfer processes
Admissions decisions, financial aid grants, and course registration often depend on the course transfer for both new and returning students. A study by DocuSign reveals that universities still relying on manual processes risk losing 66% of students who opt for other institutions while awaiting decisions. Moreover, 82% of students would have returned to their first choice if they had received timely communication. Shockingly, 47% of students refrain from applying to institutions with complicated application processes.These findings underscore the critical importance of efficient internal and external communication, as well as streamlined transfer processes. Inefficiencies in these areas may lead students to rethink their choices in educational institutions.
How are credit transfer processes done historically?
Transfer credit equivalency processes have historically been conducted manually, which can often lead to inefficiencies and errors. In the past, these processes typically involved extensive paperwork, with records being maintained entirely on paper.Some universities, in an effort to modernize, have started using document management systems to register course equivalencies. However, even with these systems in place, the reliance on spreadsheets and the practice of sending information through emails have largely replaced handwritten records. This method, while an improvement, still falls short of a fully integrated digital solution that could streamline the process, enhance accuracy, and improve communication between institutions.As the higher education landscape continues to evolve, there is a growing need for more efficient and automated systems to manage transfer credit equivalency effectively. [cta title="ProcessMaker's Transfer Credit Automation" link_text="Try for Free" link="/landing/prospective-transfer-evaluation/"]
