BIG RAPIDS, MICHIGAN. Ferris State University has announced the engagement of The Scion Group to provide a strategic plan in support of the University’s transition from a two-year to a one-year residency requirement. Selected through a competitive Request for Proposal process, Scion will develop strategies to mitigate occupancy and revenue impacts. Scion will also assess impacts to the University’s housing strategic plan and develop a three-year pro forma, projecting cash flow implications for recommended strategies.
Scion’s work will include student focus group sessions and interviews with key campus personnel, which will be augmented by University enrollment data, residential occupancy data, the campus plan and an analysis of the local student rental market. An evaluation of the qualitative and quantitative data will form the basis for the campus housing plan.
Ferris State University is a public institution that enrolls more than 14,000 undergraduate, graduate and professional students on its main campus and throughout Michigan. Founded in 1884, the University is today the eighth largest in the state.