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Advisory committee reviews funding draft that would apply three‑year HEPI average and expand small‑institution supplement
Summary
The General Academic Institutions Technical and State Colleges Formal Advisory Committee reviewed ChargeONE work group funding recommendations that would apply a three‑year rolling HEPI inflation adjustment (currently 3.7%) to formula rates and expand the small‑institution supplement to a larger set of institutions with a higher biennial cap.
The General Academic Institutions Technical and State Colleges Formal Advisory Committee reviewed funding recommendations from the ChargeONE work group that apply a three‑year rolling HEPI inflation adjustment and expand the small‑institution supplement.
Emily Dierdorf, representative of the ChargeONE work group, told the committee the recommendation uses a three‑year rolling average of the Higher Education Price Index. "Right now it is 3.7%," she said, adding that the figure will be updated once the latest year of data is available. Dierdorf said…
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