Presidents / CFOs / Provosts

As an executive in higher education, we know that your primary concern is the financial health of your institution. As a visionary leader your responsibility is also to chart a strategic course that will allow your institution to fulfill its mission both now and in the future. At Compass we understand what concerns you most about committing your valuable resources and reputation to an online learning strategy. Here are some common questions we hear from your colleagues.

What’s the value of working with Compass rather than doing this on our own?

Compass is the pioneer in the marketing, recruitment, and retention categories of e-learning. We have spent a decade building and perfecting these services and have an impressive infrastructure and staff. Most institutions do not have the expertise or resources to replicate the services Compass provides. As competition intensifies, most organizations find that successfully addressing all the categories of the value chain is an overwhelming task and distracts them from their core mission to deliver a quality academic experience.

What type of upfront investment is necessary and when will we become cash positive?

Compass will work with you during the development of your program to determine the level of investment required for you to pay faculty and staff, develop courses, and upgrade your infrastructure to prepare to serve online students. Typically, the maximum investment for an institution that partners with Compass is less than $100,000 with breakeven occurring in year two. We will work with you to develop a program pro forma that will anticipate all of your revenue and expenses, and project future net cash flow.

What is Compass looking for in your academic partners and new programs?

We partner with institutions that sincerely want to be in online education, but feel as if they are missing some critical element or elements to make that happen. Our ideal partners are committed to maintaining high academic standards, yet are entrepreneurial in terms of educational delivery. They recognize that success in the online learning arena means being flexible, market-driven, and performance-based. Before we start, we will conduct a thorough assessment process and share with you our best strategic recommendations for high-potential programs and institutional readiness. We will make our mutual decision to partner based on evidence-based research and experience.

Why must we sign a long-term contract with Compass? If we sign a long-term contract with you, what recourse do we have if Compass does not meet our recruitment and retention goals?

Compass makes a sizeable up-front investment for each program; we only make money if we bring you qualified students who stay continuously enrolled. A long-term contract works in the best interest of both parties. It ensures that Compass will invest enough to make the program successful for years to come with high enrollments of qualified students. Our agreement includes performance criteria that the University expects and that Compass has determined are attainable within a specified timeframe. If Compass does not perform to that level, either side can exercise their right to terminate the partnership.

To read more about our services click here.

To contact Compass Knowledge Group today for more information click here.