The compact seeks to achieve its mission in higher education through initiatives in cost savings, student access, and policy research.

In these three areas, MHEC attempts to reduce administrative costs, encourage student access, facilitate public policy analysis and information analysis, increase regional academic cooperation, promote educational programs, and encourage innovation in the field of higher education.

MHEC is funded through appropriations from each of its member states and through foundation grants.

MHEC's initiatives save colleges, universities, and students millions of dollars annually.

Research and convenings generate ideas and policy that improve the quality, accessibility, and affordability of postsecondary education and has over 100 employees in 12 Member states.