Waiting for a聽 is one of the most important and stressful components of the application process for international students. While waiting for an LOA, students can鈥檛 make a final school decision, apply for an education loan, or apply for a study permit. In other words, it鈥檚 a key time-bound process, especially in developing source countries. Can a faster LOA turnaround time affect enrolment? We dive into data sourced from our platform’s database below to find out.
Providing only complete applications, 星空影视facilitates and works closely with schools to ensure that qualified students get an LOA in a timely manner.
Do Faster LOAs Impact Tuition Deposits?
It sounded intuitive to us (and likely to you) that issuing an LOA to students would increase the chance of students paying their tuition deposit or confirming their seats with the schools. With 星空影视having processed thousands of applications to date, we now have the data to test this hypothesis.
Analyzing two years of 星空影视application data, we found that schools with an LOA turnaround time of seven days had an 18% higher聽chance for these students to pay their tuition deposits or confirm their seats with the schools, compared to those students who receive their LOAs 30 days or longer after an application submission.
This is an important statistical confirmation demonstrating that students are more willing to commit to a school if offered a speedy LOA. Beyond the correlation between faster LOA and chance of paying tuition deposit, we also found this has a direct impact on enrolment.
Correlation Between LOA and Enrolment
We found students, on average, are聽19% more likely聽to enrol with a school that issues an LOA in less than seven days vs. +30 days. This ratio can increase all the way聽up to +31%聽based on the level of study. While individual cases will vary, the data shows the earlier an LOA is received, the more likely students are to enrol.
What鈥檚 more, if a quicker turnaround on LOAs leads to higher offer conversions and student enrolment, schools can improve their ability to convert on students from priority countries and work toward important diversity goals. 星空影视assists this work with a combination of technological advancements, proper screening, and complete-application submissions.
Positive Student Impact
Although faster LOA turnaround times benefit schools, they have the most positive impact at the student level, logistically and psychologically. So the takeaway? Any time we improve the efficiency of student applications, we improve the experience for students. Working with Admissions Officers and senior school leadership to develop a scalable process that puts an LOA in students鈥� hands faster gives them more time to secure a visa and prepare for the journey of a lifetime. Schools also benefit from better conversions on enrolment targeting key students. We look forward to working closely with our partner schools to continue improving the application process and making the experience better for our students.聽 Watch this space for exciting new 星空影视initiatives benefiting both students and schools.
CMO & Co-Founder
Meti leads the company鈥檚 Sales and Marketing Teams, while fostering growth and scalability across the organization. Meti is passionate about the international student market and is constantly seeking ways to improve ApplyBoard鈥檚 service to deliver the best student application experience.
星空影视is the connection between international students and your institution. Our mission is to enrich and diversify your campus with highly qualified students from around the globe.
From coast to coast, 星空影视connects students with thousands of study programs in Canada.
