Faculty Mentor(s)

Adviser Dr. Stan Tuttle

Reader Dr. John Perry

Project Type

EdD Colloquium - ONU

Scholarship Domain(s)

Scholarship of Interdisciplinary Integration

Presentation Type

Other

Abstract

With the cost of post-secondary education on the rise and retention rates of university students a major concern for university administrators, the author of the current study desired to explore the effect that a Financial Solutions Team (FST) had on improving the retention and graduation rates of undergraduate (RN-BSN) and graduate level (MSN) nursing students (n = 1030). The purpose of the current study was to evaluate the effectiveness of the enhanced FST processes in order to determine its impact on the one-year retention rates after a financial hold was placed on a nurse’s student account, and the graduation rates of adult nursing students who were placed on hold for nonpayment to the university. This quasi-experimental study also presented descriptive statistics for five nursing programs of students (n = 2081) that included six fiscal years (FY). The control group (n = 375) included the nursing students in FY 2010 and FY 2011 who did not receive financial counseling from the FST. The experimental group (n = 655) included the students in FY 2012, FY 2013, FY 2014 and FY 2015 who did receive financial counseling from the FST. Statistical significance was found in the average age of students starting each type of nursing program and the number of holds and dollar amounts of holds associated with one type of nursing program. The author of the current study did not find statistical significance in the effect that a Financial Solutions Team could have on improving the retention and graduation rates of RN-BSN and MSN nursing students.

Permission type

Creative Commons Attribution 4.0 License
This work is licensed under a Creative Commons Attribution 4.0 License.

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Apr 21st, 11:30 AM Apr 21st, 11:45 AM

Customized Financial Interventions That May Affect Retention Rates in Nursing Programs

Wisner Auditorium

With the cost of post-secondary education on the rise and retention rates of university students a major concern for university administrators, the author of the current study desired to explore the effect that a Financial Solutions Team (FST) had on improving the retention and graduation rates of undergraduate (RN-BSN) and graduate level (MSN) nursing students (n = 1030). The purpose of the current study was to evaluate the effectiveness of the enhanced FST processes in order to determine its impact on the one-year retention rates after a financial hold was placed on a nurse’s student account, and the graduation rates of adult nursing students who were placed on hold for nonpayment to the university. This quasi-experimental study also presented descriptive statistics for five nursing programs of students (n = 2081) that included six fiscal years (FY). The control group (n = 375) included the nursing students in FY 2010 and FY 2011 who did not receive financial counseling from the FST. The experimental group (n = 655) included the students in FY 2012, FY 2013, FY 2014 and FY 2015 who did receive financial counseling from the FST. Statistical significance was found in the average age of students starting each type of nursing program and the number of holds and dollar amounts of holds associated with one type of nursing program. The author of the current study did not find statistical significance in the effect that a Financial Solutions Team could have on improving the retention and graduation rates of RN-BSN and MSN nursing students.