[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-583714-105":59,"doc-detail-583714-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","commonfund-higher-education-price-index-2021-update","Commonfund Higher Education Price Index - 2021 Update","","Inflation in 2021 sharply affected the U.S. economy, yet the Higher Education Price Index (HEPI) described in this report shows costs for colleges and universities rising 2.7% in FY2021. The increase reflects a 42% year-over-year acceleration from FY2020 while remaining close to a five-year average of 2.6%. FY2021 cost growth appears across all eight HEPI components, with slower increases in faculty salaries, clerical costs, and miscellaneous services, and the largest change in utilities.",{"@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-2021-update/583714/",{"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-2021-update/583714.png","ImageObject",300,407,{"name":92,"@type":93},"Connor ","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-10-15",true,{"@type":102,"interactionType":103,"userInteractionCount":29},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What does the Higher Education Price Index (HEPI) measure for FY2021?","Question",{"text":112,"@type":113},"HEPI tracks cost changes relevant to colleges and universities. For FY2021, costs rose 2.7%, compared with a 1.9% rise in FY2020.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How did FY2021 cost growth differ across HEPI components?",{"text":117,"@type":113},"Costs increased in all eight HEPI components in FY2021. The increase slowed in three categories: faculty salaries, clerical costs, and miscellaneous services.",{"name":119,"@type":110,"acceptedAnswer":120},"What was the largest FY2021 change among the HEPI categories mentioned in the report?",{"text":121,"@type":113},"Utilities showed the sharpest change, with a 15.0% increase in FY2021, compared with a 15.7% decline in FY2020.","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},583714,1792056697,{"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":29,"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":145,"preview_page_count":4},687207022233,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Commonfund Higher Education Price Index  \n2021  \nUpdate  \nWelcome  \nAt this writing, in the waning moments of calendar 2021, inflation is a top-of-mind subject for individuals and institutions across the U. S. Long quiescent, inflation has trumpeted its return with some of the sharpest increases in the Consumer Price Index in decades. The measure of inflation we concern ourselves with in this report, the Higher Education Price Index (HEPI), is not yet reflecting this acceleration, even though year-over-year HEPI rose 42 percent from FY2020 to FY2021 . Fortunately, the increase—to an annual rate of 2.7 percent—was measured off of last year’s relatively mild 1.9 percent base.  \nThis sea change in the inflationary environment means that HEPI data will be watched, warily, by the many stakeholders who make use of it in their institutional governance and management processes. Over the vast majority of years since 1961, when data compilation began, inflation measured by HEPI has exceeded the rate as measured by CPI. HEPI is not a predictive tool; thus, we are not forecasting future rates of change. But we do believe that inflation may once again take its place alongside portfolio performance and other key topics on the meeting agendas of investment committees and boards.  \nGiven this circumstance, information is vital to informed decision-making. This is the role of HEPI—to provide reliable information and thoughtful analyses that are relevant to the unique challenges confronted by the higher education community. As we have seen over the years, those measures of the price increases borne by consumers are vastly different from those impacting the operating budgets of colleges and universities. This year’s data show some of the largest components of HEPIto be stable this year compared with last; other components, however, are showing volatile year-over-year changes. All warrant consideration by trustees and staff charting a way forward for their institution.  \nAs we did last year, we point out the change in the method by which data for faculty salaries and fringe benefits are calculated. This follows similar recalculations dating to 2015. Also, as we did in the past few reports, we are restating data for the preceding five years for purposes of consistency and comparability. Changes in the methodology should be viewed as refinements and the continuity of data gathering and analysis that dates to 1961 remains sound.  \nIt is rewarding every year for those of us who produce this report to receive feedback from institutions telling us how they use HEPI, and we look forward to hearing from you again this year. Whatever course inflation takes, our objective is to make HEPI a valuable tool in your deliberations and decisions.  \nGeorge Suttles Executive Director Commonfund Institute  \nCommonfund Higher Education Price Index | 2021 Update  \nTable of Contents  \nHIGHER EDUCATION PRICE INDEX INTRODUCTION 1   \nExecutive Summary 1  \nAbout HEPI 1  \nThe HEPI Tables 2  \nSummary Output 4  \nHIGHER EDUCATION PRICE INDEX ANALYSIS 5  HEPI for 2021 5  \nHighlights of 2021 Study 6  \nSupporting Data 6  \n5-Year Changes in Cost Factors: Figure 3 Analysis 7  \nHEPI for FY2021 versus a 5-Year Average: Figure 4 Analysis 8  \nSensitivity Analysis of the 8 HEPI Regression Components:  \nFigure 5 Analysis 10  \nSensitivity of HEPI to a 5 Percent Increase in Faculty  \nSalaries or Miscellaneous Services: Figure 6 Analysis 11  \nHIGHER EDUCATION PRICE INDEX FOR DIFFERENT  \nTYPES OF EDUCATIONAL INSTITUTIONS 12  Faculty Salary Differences by Institution Type 13  \nCOVID-19: Behind the Decrease in Faculty Compensation 15  \nHIGHER EDUCATION PRICE INDICES FOR DIFFERENT  \nREGIONS OF THE COUNTRY 16  Faculty Salary Differences by Region 18  \nLIMITATIONS AND OPPORTUNITIES OF HEPI BY  \nINSTITUTIONAL TYPE AND REGION 19  PURCHASING POWER AND SALARIES OF  \nFULL-TIME PROFESSORS 20  SOURCES 23   \nAbout Commonfund Institute  \nCommonfund Institute houses the education and research activities of","cbCaigpMg1DmUZN2","https://ap.wps.com/l/cbCaigpMg1DmUZN2","pdf",748026,28,"English","# Higher Education Price Index Introduction\n## Executive Summary\n## About HEPI\n## The HEPI Tables\n## Summary Output\n# Higher Education Price Index Analysis\n## HEPI for 2021\n## Highlights of 2021 Study\n## Supporting Data\n## 5-Year Changes in Cost Factors: Figure 3 Analysis\n## HEPI for FY2021 versus a 5-Year Average: Figure 4 Analysis\n## Sensitivity Analysis of the 8 HEPI Regression Components: Figure 5 Analysis\n## Sensitivity of HEPI to a 5 Percent Increase in Faculty Salaries or Miscellaneous Services: Figure 6 Analysis\n# Higher Education Price Index for Different Types of Educational Institutions\n## Faculty Salary Differences by Institution Type\n## COVID-19: Behind the Decrease in Faculty Compensation\n# Higher Education Price Indices for Different Regions of the Country\n## Faculty Salary Differences by Region\n# Limitations and Opportunities of HEPI by Institutional Type and Region\n## Purchasing Power and Salaries of Full-Time Professors\n# Sources\n## About Commonfund Institute","[{\"question\":\"What does the Higher Education Price Index (HEPI) measure for FY2021?\",\"answer\":\"HEPI tracks cost changes relevant to colleges and universities. For FY2021, costs rose 2.7%, compared with a 1.9% rise in FY2020.\"},{\"question\":\"How did FY2021 cost growth differ across HEPI components?\",\"answer\":\"Costs increased in all eight HEPI components in FY2021. The increase slowed in three categories: faculty salaries, clerical costs, and miscellaneous services.\"},{\"question\":\"What was the largest FY2021 change among the HEPI categories mentioned in the report?\",\"answer\":\"Utilities showed the sharpest change, with a 15.0% increase in FY2021, compared with a 15.7% decline in FY2020.\"}]","Commonfund Higher Education Price Index - 2021 Update | PDF",1792048151,71]