Last month’s featured Insight, ISIR Submission by Award Year, focused on the comparison of total ISIRs received each month between award years. While those counts are interesting—and can help predict the number of incoming ISIRs for the upcoming year—you should also take into consideration that they might include multiple submissions of the FAFSA by the same students.
Award Year ISIR Trends Filters FAFSA Info for You
To dig deeper into the total submissions, and begin filtering out multiple submissions, try the CampusMetricsSM Instant Insight, Award Year ISIR Trends. This Insight will show you how many of those ISIRs are the first submission by students for the award year. For each month, it evaluates if each student has already had an ISIR processed for any previous months of the award year. If no other submissions are found, then it is counted as the first submission of the year; otherwise, a previous ISIR has already been found for an earlier month and counted as the first ISIR during that month.
Uncover the Effects of PPY, Early FAFSA
Like ISIR Submission by Award Year, Award Year ISIR Trends is a great way to correlate the effect of Prior-Prior-Year (PPY) by reviewing the growth of first-time ISIR submissions. If you’re seeing a larger volume of first-time ISIRs during the first couple of months of the award year, you could assume the effect of early FAFSA has helped drive students to complete their FAFSAs sooner. If you’re seeing a lag of submissions until the first few months of the calendar year, PPY probably has not had much of an effect at your school.
Data Visualization for Every Part of the Student Journey
Throughout the entire student financial services journey, CampusMetrics reveals insightful and actionable business intelligence with a comprehensive gallery of prebuilt insights, including:
- ISIR Insights
- Operational Insights
- Award Letter Insights
- NPC Insights
Instant Insights helps you better understand student populations, drive enrollment, make policy decisions, and adjust services to meet students’ needs. Adhering to all regulations, CampusMetrics uses aggregated, de-identified ISIR data to develop actionable trends and insights. Each insight contains filters and pivot-chart functionality, allowing you to drill down into detailed data for exporting.