Ma n a g eme n t ’ s D i s c u s s i o n a n d A n a l y s i s J u n e 3 0 , 2 0 2 3 a n d 2 0 2 2 Enrollment In fiscal 2023, overall university enrollment increased slightly, with a total of 20,948 students in fall 2022, compared to 20,898 in fall 2021. Similar to prior trends, the graduate level decreased while the undergraduate and professional level increased. As part of the university’s strategic initiatives, it has continued to invest in high-demand and industryrelevant programs with growth potential, such as expansion within the health professions, as previously described. The Health Professions Division (HPD), which houses seven colleges, comprised approximately 53 percent of the university’s total net tuition and fee revenue and 43 percent of its total fall enrollment in fiscal 2023. The expansion of HPD’s medical professional programs (D.O. and M.D.) has contributed to a steady increase in NSU’s overall professional-level enrollment over the past several years. Realizing the anticipated benefits of heightened admission standards and other strategic initiatives that were implemented, the undergraduate population has also steadily increased (up 55 percent over a five-year period, from fall 2017 to fall 2022). This increase, coupled with increasing professional-level enrollments in the HPD, have helped to offset graduate enrollment declines in certain colleges, which are reflective of changes in the economy and educational demands in particular areas. In these areas, the university has implemented specific strategies to right-size resources and program offerings. Strategic action steps have also been taken in recruitment, admission, retention, and marketing efforts through enhanced communication plans, increased personal outreach to students, and increased faculty engagement in recruitment efforts. NSU leveraged and supported its strengths in graduate and professional education while growing the undergraduate population. For example, the university’s unique Dual Admission Program provides highly motivated undergraduate students with the opportunity to reserve a seat in one of NSU’s graduate or professional colleges while earning their bachelor’s degree. Other examples include the Abraham S. Fischler College of Education’s Fischler Academy, an elite teacher preparation program, and the H. Wayne Huizenga College of Business and Entrepreneurship’s Huizenga Business Innovation Academy. These academy programs allow first-time-in-college students to earn both their bachelor’s and master’s degrees in just four years. NSU’s brand campaign, the NSU edge, highlights the university’s strengths, and shows how these strengths provide its students with a competitive advantage in their career, life, and community. This promise is demonstrated in numerous ways across the university, from immersive learning experiences to faculty mentoring to community outreach. Contributions and Private Grants Contributions and private grants revenue increased $12.7 million to $31.3 million in fiscal 2023 compared to $18.5 million in fiscal 2022, thanks to the continued support from NSU’s donor community, including two significant gift commitments as previously described. Government Grants and Contracts Government grants and contracts revenue was $36.5 million in fiscal 2023 compared to $55.9 million in fiscal 2022, with the decrease attributable to Higher Education Emergency Relief Fund (HEERF) revenues recognized in fiscal 2022. Regional Campuses and Other Locations, 18% Fully Online, 26% Main Campus in Fort Lauderdale/Davie, 56% APPROXIMATE FALL 2022 ENROLLMENT COMPOSITION Furthermore, the following depicts the enrollment composition by modality: 4
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