Management’s Discussion and Analysis June 30, 2024 and 2023 The expansion of HPD’s medical professional programs, D.O. and M.D., drove the overall 20 percent increase in NSU’s professional-level enrollment over the past five years. NSU is one of only four universities in the United States to offer both a D.O. and M.D. program, and the first and only university in the state of Florida to grant both degrees. NSU graduated more than 400 physicians (D.O. and M.D. graduates combined) in each of the past two fiscal years, meeting a critical need in the health care industry. The increase in the undergraduate population coupled with increasing professional-level enrollments in the HPD, have helped to offset graduate enrollment declines in certain programs which are reflective of changes in the economy and educational demands in particular areas. In these areas, the university has implemented specific strategies to rightsize 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 has leveraged and supported its strengths in graduate and professional education while growing its undergraduate population. For example, the university’s distinctive Dual Admission Program provides highly motivated undergraduate students with the opportunity to reserve a seat in selective graduate/professional programs while earning their bachelor’s degree. This unique program has continued to attract academically highly qualified students, supporting strategic goals for enhanced student quality, experience, and outcomes. 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 firsttime-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. FALL ENROLLMENT TRENDS 0 5,000 10,000 15,000 20,000 25,000 Fall 2018 Fall 2019 Fall 2020 Fall 2021 Fall 2022 Fall 2023 4,904 5,666 6,314 6,637 6,971 7,219 11,868 11,054 10,548 10,073 9,566 9,258 3,663 3,856 4,026 4,188 4,411 4,400 20,435 20,576 20,888 20,898 20,948 20,877 Undergraduate Graduate Professional Enrollment Students may attend entirely face-to-face classes that meet on campus (ground), attend face-to-face and online classes (blended), or attend fully online. Classes are primarily taught at the main Fort Lauderdale/Davie Campus and at 9 regional campuses located across Florida, in Puerto Rico, and in Colorado. As shown in the following chart, fiscal 2024 (fall 2023) overall university enrollment remained largely consistent. Similar to prior trends, the graduate level decreased while the undergraduate increased. In fall 2023, NSU welcomed its largest undergraduate class with 2,029 first-time-in-college freshmen. In line with NSU’s strategic expansion of undergraduates, overall undergraduate enrollment has steadily increased, growing 47 percent over the last five years to 7,219 in fall 2023. As part of the university’s strategic initiatives, it has continued to invest in high-demand and industry-relevant programs with growth potential, such as expansion within health professions programs. The Health Professions Division (HPD), which houses seven colleges, comprised approximately 53 percent of the university’s total net tuition and fee revenue and 45 percent of its total fall enrollment in fiscal 2024 (fall 2023). 4
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