August 17, 2007

College Cost Index Rises 3.4% in 2007

By ELIZABETH QUILL

The inflation index that many colleges use to predict their costs rose by 3.4 percent in the 2007 fiscal year, less than last year's increase of 5 percent.

The Higher Education Price Index is a gauge of inflation that measures the change in costs in an average fixed basket of goods and services purchased by higher-education institutions each fiscal year, ending June 30. The index is calculated by the Commonfund Institute, the research arm of the Commonfund, which helps colleges and

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