Financial Aid Modeling
Predict Outcomes. Personalize Awards. Maximize Results.
Transform your institution’s financial aid strategy with data-driven modeling that connects financial investment to enrollment impact—personalized for every student.

Our Approach
Carnegie’s Financial Aid Modeling service combines predictive analytics, market insight, and individualized awarding to ensure every aid dollar drives measurable enrollment results. We build scenarios around your institution’s goals, using real-time data to personalize awards, forecast outcomes, and balance access, equity, and revenue with confidence.
Precision Tools for Smarter Aid Strategy
Individualized Awarding
Personalize every financial aid package to align resources with student needs and enrollment goals.
Scenario Forecasting
Explore multiple enrollment and revenue scenarios to guide data-informed decision-making.
Award Tracking & Reporting
Monitor performance in real time and adjust award strategies mid-cycle for maximum impact.
Financial Aid Audits
Pinpoint opportunities for improvement across aid processes, scholarship policies, and communications to strengthen strategy and ROI.
How it Works
Discover What Drives Enrollment
We start by analyzing your data—applications, yield, and student behavior—to uncover what truly influences enrollment. In partnership with your team, we define goals, budget parameters, and success metrics so the model reflects your institutional priorities and student realities.
Model Scenarios That Drive Impact
Next, we build customized models that simulate multiple aid and enrollment strategies. Using predictive analytics and market insights, we forecast how students will respond under each approach. You’ll see clear, data-backed scenarios that link every aid dollar to enrollment and revenue outcomes.
Personalize Awards for Every Student
Through individualized awarding, we tailor aid recommendations to each student’s likelihood to apply, enroll, and persist. This ensures resources are used efficiently while meeting enrollment goals and advancing access and equity.
Optimize in Real Time for Agility
Our partnership continues beyond modeling. We track award performance, monitor yield, and adjust strategies in real time. With ongoing reporting and expert guidance, your financial aid approach stays responsive, data-driven, and aligned with changing markets.
Ready to Get Started?
A Customized Enrollment Strategy Helps Overcome Market Challenges
Operating in the highly competitive New England market during a time of declining enrollments, the University of Maine grew headcount and tuition revenue with a highly personalized approach.
Featured … Case Study
“Our partnership with Carnegie transformed our enrollment strategy. With their expert guidance in scholarship modeling, enrollment forecasting, and process optimization, we grew first-year and transfer enrollment by over 10% and increased net tuition revenue.”
Kevin B. Coughlin, Ph.D.
Vice President of Enrollment Management
University of Maine
Higher Ed Student Search RFP Guide
So, you’re looking for a new Student Search partner? Writing an informative and robust request for proposal (RFP) increases both the quantity and quality of proposals your college or university will receive; allowing you to choose the perfect partner. But what exactly should be included in your RFP? This guide serves as a template to help you write a great RFP and find the perfect partner for your next Student Search.
Our Thoughts on Financial Aid Modeling
By Mike Keane
By Jessica Bittner
By Mike Keane
Take Your Strategy Further
Ready to Model What’s Possible?
From data discovery to in-cycle optimization, Carnegie partners with you every step of the way, building smarter strategies that grow enrollment and impact.
