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Improving Retention

The school where I work has tried many methods of increasing student retention. All methods were informally thrown out to instructors and other school personnel with the expectation that each person involved would act accordingly. Each individual appeared to work on their own, and no real improvements in retention were made. A few months back the school established a three step program of working with students to locate problems early.
The three step program:
(1) Student advising (consultation) by the instructor. (An informal meeting between the instructor and student and the instructor keep record of such meeting.)
(2) Instructor / student consultation and a written memo sent to Academic Review Committee
(3) Instructor / student meeting with Academic Review Committee relating to student issues and concerns.
This method appears to be working. It is not 100% retention rate; however there appears to be fewer drops this past six months. Only time will tell if this really works and what changes may have to be made.
Are there any other such programs in place out there?

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