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The Higher Education Price Index (HEPI) is a measure of the inflation rate applicable to United States higher education. HEPI measures the average relative level in the prices of a fixed market basket of goods and services typically purchased by colleges and universities through current-fund educational and general expenditures, excluding expenditures for research. Educational and general expenditures include the functions of instruction and departmental research, extension and public services, educational programs such as workshops and instructional institutes supported by sponsors outside the institution, student services, general administration and expenses, staff benefits, libraries, and operation and maintenance of the physical plant. Sponsored research, sales and services of education departments, and auxiliary enterprises are not priced by HEPI. The index is calculated on a fiscal year basis ending each June 30, by the Commonfund Institute, a branch of Commonfund, a non-profit organization devoted to the management of college and university endowments.〔" Higher Education's Operating Costs Rose by 3.4% in 2007, Down From Last Year's Rate" by Elizabeth Quill, Chronicle of Higher Education (August 8, 2007 )〕〔(Commonfund Institute News )〕 ==History and Current Status== “Dr. D. Kent Halstead is credited with first developing the HEPI for the U.S. Department of Health, Education and Welfare (the precursor to the Department of Education) in 1975. Halstead argued that colleges and universities needed a new price index which more closely matched their expenditure patterns, going so far as to declare such an index to be “far superior to substitute proxy indexes such as the Consumer Price Index or the gross national product (GNP) explicit deflator which are intended for entirely different purposes.” Throughout the years, Halstead continued to update the HEPI.〔http://centerforcollegeaffordability.org/uploads/Stop_Misusing_Price_Indices.pdf〕 Since 2005, HEPI has been maintained by the Commonfund Institute, and it relies upon eight separate “cost factors” to construct the overall index. These factors are: faculty salaries, administrative salaries, clerical salaries, service employee salaries, fringe benefits, miscellaneous services, supplies and materials, and utilities.〔 “In 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 2007, in keeping with its commitment to improving and expanding the index, Commonfund Institute inaugurated two additional HEPI services: HEPI calculated by type of institution for six different categories of public and private colleges and universities, and the monthly release, beginning in January of each year, of a forecast of HEPI for the coming fiscal year end.〔https://a248.e.akamai.net/f/1867/1301/3/media.bizj.us/view/img/3864291/hepi-2014-full-report-pdf-9-16-14.pdf〕 In 2009, two further improvements were introduced, aligning the estimates and the final HEPI calculation with the July–June academic fiscal year and making available HEPI calculated by region. HEPI forecasts are provided monthly from January through June of each year. The HEPI report is published using the July HEPI figure, which may be subject to a further small adjustment when the last of the underlying data items are finalized in November.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Higher Education Price Index」の詳細全文を読む スポンサード リンク
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