Adjustments to the Independent College 500 Index
Data collection for the 2016-17 Annual Survey of Colleges began in fall 2016 and ended in spring 2017. The IC 500 is computed annually in mid-summer 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 such as this year's replacement process. Colleges may close down, experience a change in structure so that they are no longer private nonprofit or they may experience changes in their relative total direct charges significant enough to affect their inclusion or exclusion in the IC 500.