Like many colleges today, Hendrix College must fight for every student. As its leadership looked for a competitive advantage, it was interested in exploring various pricing models that might draw interest or lower barriers to application. A host of questions had to be answered before making such a significant strategic move and the college turned to Thoma to help it evaluate the options.
Thoma designed and completed a multi-stage qualitative and quantitative study that shed light on how pricing factors into the student decision journey; the research made it clear that a program similar to its Arkansas Advantage scholarship would be well received by out-of-state students and parents. Thoma launched Hendrix Advantage Plus, a scholarship program that meets 100% of the demonstrated financial needs of high-achieving students.