July 30, 2008

Commonfund Issues a Truer Measure of Colleges' Inflation Costs

By Goldie Blumenstyk

The organization that tracks inflation for higher education has issued an addendum to the annual Higher Education Price Index figure it reported last week, this time including the effects of the recent spike in utilities costs. With that, the more-accurate estimate of colleges' overall annual cost increases for the year ending June 30 is 4.6 percent, the Commonfund Institute said.

The figure released last week for the index, known as HEPI, showed an increase of 3.6 percent over

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