Revenue per Student
Total income (tuition, grants, commercial) divided by total enrolled student headcount
What is Revenue per Student?
Revenue per student is the total institutional income divided by the number of students enrolled. It shows how much income an education provider earns for each student.
It is used with cost per student to understand whether an institution is financially sustainable.
How this KPI is measured
- Function
- Finance
- Sub-function
- Revenue Management
- Industry
- Education
- Type
- Lagging
- Impact
- Revenue
- Unit
- $
- Measurement frequency
- Annual
- Formula
- Total institutional income / Total enrolled student headcount
How to calculate it
Divide total institutional income by total enrolled student headcount.
For example, if a college has income of 72,000,000 and 8,000 students, revenue per student is 9,000.
Compare with cost per student, and look at sources of income, such as fees, grants and research funding.
Where it is used
Assessing financial sustainability
Compare with cost per student.
Planning growth
Understand the income effect of enrolment.
Benchmarking
Compare with similar institutions.
How to improve it
Tips and common mistakes
- Use with cost per student.
- Consider full-time equivalents.
- Compare like institutions.
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