Tuition Transparency Tool Pilot
Purpose of tool
Day school tuition is a critical topic of consideration for prospective day school families. Fortunately, our day schools offer substantial financial aid to subsidize the cost of enrollment. Many families underestimate the amount of aid they can receive from day schools; therefore, they never bother to consider them. This is because there is a considerable amount of friction associated with garnering this information. The purpose of the Tuition Transparency Tool is to ease the process for families to get financial aid estimates from each of our day schools. Over the last two years several day schools took advantage of this grant opportunity to build tuition transparency tools for their schools. The calculator tools can be accessed at Home | Tuition Calculator (dayschoolcost.com). In 2024-2025 we will continue to build on the success of this pilot and provide this extended grant opportunity to build more tuition transparency tools.
Eligibility
- Applicants must be a Jewish day school within CJP’s catchment area
Process
- Based on the level of benefit CJP believes specific schools can receive from the tool, in FY25 CJP will select up to two schools to solicit interest from. If the school is interested, CJP will support building a tuition transparency tool for their website.
- CJP will work with finance professionals from each day school to discern patterns in historical financial aid grants.
- Working with a contracted developer, CJP will create a custom site for each school, a set of standard inputs and a visualization of outcomes.
- CJP will work with the school to test the tool to make sure it is operating as designed.
- Each school will determine the marketing of this tool to their constituents.
Markers of success
Together, we will evaluate the parameters below to gauge the success of this tool:
- How many times was the tool accessed and from where (website, email, etc.)
- Do entered tool values indicate legitimate users (vs those “just testing it”)
- How many admission consultations were set up through the tool
- How often is the tool referenced in admission conversations
Contact Anna to discuss participation in this pilot.
Contact
Contact Anna to discuss participation in this pilot.