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HEPI for FY2017 is 23 percent higher than the 3.0 percent rate for FY2014 and 131 percent above FY2013’s 1.6 percent. Cost increases occurred in seven of eight tracked categories, led by utility costs (+14.5%), fringe benefits (+5.9%), and service employee costs (+3.7%). The report explains HEPI’s purpose, compilation method, and methodological discontinuity affecting comparability before FY2016, limiting certain analyses this year.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/commonfund-higher-education-price-index-2017-update/583463/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/commonfund-higher-education-price-index-2017-update/583463.png","ImageObject",300,407,{"name":92,"@type":93},"Jacob","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-02","2026-10-15",true,{"@type":102,"interactionType":103,"userInteractionCount":34},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What was the HEPI-reported inflation rate for colleges and universities in FY2017?","Question",{"text":112,"@type":113},"HEPI reports 3.7 percent inflation for fiscal year 2017.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Which HEPI cost categories rose in FY2017, and what were the main drivers?",{"text":117,"@type":113},"Costs rose in seven of eight categories. The largest causes of increase from FY2016 to FY2017 were utility costs (+14.5%), fringe benefits (+5.9%), and service employee costs (+3.7%).",{"name":119,"@type":110,"acceptedAnswer":120},"Why are some HEPI results not directly comparable with years prior to FY2016?",{"text":121,"@type":113},"HEPI’s faculty salaries and fringe benefits draw on AAUP compensation data that changed methodology in 2015, creating a discontinuity. As a result, this year’s report does not include certain analyses by type of institution or region and omits purchasing power and salary analysis for full-time professors.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},583463,1792210950,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":34,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":36,"preview_page_count":4},962084931830,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","Commonfund Higher Education Price Index  \n2017 Update  \nCommonfund Higher Education Price Index | 2017 Update  \nTable of Contents  \nEXECUTIVE SUMMARY 1   \nINTRODUCTION: THE HIGHER EDUCATION PRICE INDEX 1   \nAbout HEPI 1  \nThe HEPI Tables 2  \nHIGHER EDUCATION PRICE INDEX ANALYSIS 5  \nHEPI for 2017 5  \nHEPI for FY2017 versus a Five-Year Average 7  \nSensitivity Analysis of the Eight HEPI Regression Components 8  \nHIGHER EDUCATION PRICE INDEX  \nFOR DIFFERENT TYPES OF EDUCATIONAL INSTITUTIONS 10   \nHIGHER EDUCATION PRICE INDICES  \nFOR DIFFERENT REGIONS OF THE COUNTRY 11  END NOTES 12   \nAbout Commonfund Institute  \nCommonfund Institute houses the education and research activities of Commonfund and provides the entire community of longterm investors with investment information and professional development programs. Commonfund Institute is dedicated to the advancement of investment knowledge and the promotion of best practices in financial management. It provides a wide variety of resources, including conferences, seminars and roundtables on topics such as endowments and treasury management; proprietary and third-party research such as the NACUBO–Commonfund Study of Endowments®; publications including the Commonfund Higher Education Price Index® (HEPI); and events such as the annual Commonfund Forum and Commonfund Endowment Institute.  \nCommonfund Higher Education Price Index | 2017 Update  \nExecutive Summary  \nHigher Education Price Index (HEPI) data show that inflation for colleges and universities was 3.7 percent for fiscal year 2017, more than doubling the 1.8 percent rate reported for FY2016 . HEPI for FY2017 was 23 percent higher than the 3.0 percent rate for FY2014 and 131 percent above the 1.6 percent rate for FY2013 . FY2017’s 3.7 percent inflation rate is the highest reported since the rate of 5.0 percent reported for FY2008 .1  \nFY2017 costs rose in seven of the eight categories tracked by HEPI, the only exception being a one-half percentage point decline in the cost of supplies and materials. The chief causes of increase in HEPI from FY2016 to FY2017 were: a 14.5 percent increase in utility costs; a 5.9 percent increase in fringe benefits; and a 3.7 percent increase in service employee costs.  \nIntroduction:  \nThe Higher Education Price Index  \nAbout HEPI  \nThe 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 topreserve purchasing power. With compilations dating back to 1961, HEPI offers more than 50 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.  \nIn 2005, Commonfund Institute assumed responsibility for the index and the proprietary model used to calculate HEPI’s values from Research Associates of Washington, D.C. In subsequent years, in keeping with its commitment to improving and expanding the index, Commonfund Institute has initiated a number of additional HEPI services and refinements.  \nHEPI is compiled using data items from publicly-available sources that are released at different points in the academic fiscal year, from July 1 through June 30.  \nIMPORTANT NOTE: Two of the main HEPI cost factors, faculty salaries and fringe benefits, are derived from faculty compensation data published by the American Association of University Professors (AAUP), which in 2015 began using anew methodology that is not comparable with the past. Due","cbCaicOU211XVtXx","https://ap.wps.com/l/cbCaicOU211XVtXx","pdf",1323168,16,"English","# Executive Summary\n# Introduction: The Higher Education Price Index\n## About HEPI\n## The HEPI Tables\n# Higher Education Price Index Analysis\n## HEPI for 2017\n## HEPI for FY2017 versus a Five-Year Average\n## Sensitivity Analysis of the Eight HEPI Regression Components\n# Higher Education Price Index for Different Types of Educational Institutions\n# Higher Education Price Indices for Different Regions of the Country\n# End Notes","[{\"question\":\"What was the HEPI-reported inflation rate for colleges and universities in FY2017?\",\"answer\":\"HEPI reports 3.7 percent inflation for fiscal year 2017.\"},{\"question\":\"Which HEPI cost categories rose in FY2017, and what were the main drivers?\",\"answer\":\"Costs rose in seven of eight categories. The largest causes of increase from FY2016 to FY2017 were utility costs (+14.5%), fringe benefits (+5.9%), and service employee costs (+3.7%).\"},{\"question\":\"Why are some HEPI results not directly comparable with years prior to FY2016?\",\"answer\":\"HEPI’s faculty salaries and fringe benefits draw on AAUP compensation data that changed methodology in 2015, creating a discontinuity. As a result, this year’s report does not include certain analyses by type of institution or region and omits purchasing power and salary analysis for full-time professors.\"}]","Commonfund Higher Education Price Index - 2017 Update | PDF",1792047346]