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Adjustments to the Independent College 500 Index

Data collection for the 2021-22 Annual Survey of Colleges was conducted in spring 2021. The IC 500 is computed annually in midsummer using this data. Normally, conditions at the 500 institutions that comprise the IC 500 remain stable. However, the pool of eligible institutions is reviewed annually, and periodic adjustments may be required. Colleges may close down, experience a change in structure so that they are no longer private or nonprofit, or they may experience changes in their relative total direct charges significant enough to affect their inclusion or exclusion in the IC 500.