Commonfund Higher Education Price Index. 2021 Update

Institution	Commonfund Institute
Titel	Commonfund Higher Education Price Index. 2021 Update
Quelle	(2021), (28 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Quantitative Daten; Higher Education; Cost Indexes; Economic Climate; Educational Finance; Teacher Salaries; College Faculty; Costs; Regional Characteristics; School Personnel; Utilities; Fringe Benefits; Resources; Services; Private Colleges; Public Colleges; Community Colleges; Institutional Characteristics + Suchen Sie Ihr Suchwort? Hochschulbildung; Hochschulsystem; Hochschulwesen; Kostenentwicklung; Wirtschaftslage; Bildungsfonds; Lehrerbesoldung; Lehrervergütung; Fakultät; Cost; Kosten; Regionaler Faktor; Schulpersonal; Hilfsmittel; Sozialabgaben; Betriebsmittel; Dienstleistung; Privathochschule; Community college; Community College
Abstract	The Higher Education Price Index (HEPI) is an inflation index designed specifically for use by institutions of higher education. Compiled from data reported by government agencies and industry sources, HEPI measures the average relative level in the price of a fixed market basket of goods and services purchased by colleges and universities each year through current fund educational and general expenditures, excluding research. A more accurate indicator of cost changes for colleges and universities than the Consumer Price Index (CPI), HEPI is used primarily to project future budget increases required to preserve purchasing power. With compilations dating back to 1961, HEPI offers almost 60 continuous years of higher education inflation data. It is an essential tool enabling schools to determine increases in funding necessary to maintain both real purchasing power and investment. HEPI is compiled using data items from publicly available sources that are released at different points in the academic fiscal year, which runs from July 1 through the following June 30. For fiscal year 2021 the HEPI calculation reveals that inflation for colleges and universities was 2.7 percent, representing an increase from FY2020's 1.9 percent. While the FY2021 figure was a 42 percent increase compared with FY2020, over the past five fiscal years it was exceeded by 3.0 percent in both 2017 and 2019 and was approximately equal with 2.6 percent in FY2018. The 2.7 percent figure was also only 0.1 percentage point higher than the average HEPI for the trailing five fiscal years. [For the 2020 Update, see ED610736.] (ERIC).
Anmerkungen	Commonfund Institute. 15 Old Danbury Road, Wilton, CT 06897. Tel: 203-563-5000; Tel: 888-823-6246; Web site: http://www.commonfund.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01