The Higher Education Price Index is something that comes up when talking about costs in the world of higher education. The index is similar to the Consumer Price Index (CPI) which is commonly used to gauge rising (or declining) costs of living and inflation, but geared towards colleges and universities. As a result, the HEPI comes into consideration when there is an evaluation of tuition, housing, and fee increases at Northeastern. Similar to the CPI, which is calculated by the United States Department of Labor - Bureau of Labor Statistics, the Higher Education Price Index (HEPI) has been calculated by Commonfund since 2005.
The change to the HEPI historically has been higher than that of the CPI. However, this year the HEPI rose 3.6% while the CPI rose 3.7%. In the current tough economic times with worries of deflation, it will be interesting to see what the next set of numbers are.
1 comment:
This is an interesting concept.
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