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Retention metrics are useful & helpful only if they can actually have an impact on retention initiatives. With that in mind, essential retention stats might include data from checklists used by both the student and admissions personnel.
In addition, how effective would admission and retention benchmarking interviews be?
For example interviews such as offer rejected/accepted, post acceptance interviews, drop out interviews etc. may also hold valuable data that can be measured and used to improve retention statistics.

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