Commonfund's Higher Education Price Index® (HEPI) data show that costs for colleges and universities rose 3.4 percent in FY2024, a decreased rate of inflation compared with 4.0 in FY2023 and 5.2 percent in FY2022. (FY2024 covers the period from July 1, 2023, to June 30, 2024, and coincides with the budget year of most educational institutions.)…

A comprehensive faculty flow model developed to forecast a "committed resources index" analyzes the future flexibility of a university. The model's construction, implementation, and assessment are described. (Editor/LBH)

Examines two classes of production functions in which the long-run competitive equilibrium scale of the firm increases when the relative price of the dominant factor decreases. Compares these with a third class of production functions where the equilibrium scale is independent of the relative price of the dominant factor. (MJP)

Ways in which the external financial disclosures by universities may evaluate institutional economic viability are demonstrated. It is argued that the evaluation should take into account the effect of inflation and activity level. The evaluation model requires several years' information about revenues (general operating fund), the impact of…

Price indices related to specific expenditure categories are necessary for realistic budget projections in higher education. Given the erratic inflationary behavior of the past seven years, and the uniqueness of higher education expenditures, realistic inflation prediction requires a balanced combination of analytic forecasting and intuitive…