Private university avoids raising tuition by reducing non-instructional costs
- Private University
- 5,000 Students
- 600 Faculty Members
This private university was looking for unique ways to avoid the constant increase in tuition they had come to rely on. They turned to Silverback to help them with the non-instructional cost associated with running their university.
The Silverback team “hit the books” to look for savings across four of their spend categories. Our experts collected and analyzed data from the previous 12 months across more than 8,000 transactions.
Under Silverback’s tutelage, the university was able to reduce their annual expenses by almost a quarter of a million dollars. Our results include:
- Copiers – 41% savings
- Office Supplies – 34% savings with a $15K credit
- Telecom – 52% savings
- Janitorial Supplies – 12% savings
As you might imagine, this considerable reduction in expenses was able to mitigate the need to raise tuition.