This article was originally published December 19, 2019

Mileage rate to increase to 29 cents in 2020

The University of Nebraska mileage reimbursement rate for 2020 will be 29 cents per mile. This is a 4 cent increase from the 2019 rate.
Photobuay | Shutterstock

Photobuay | Shutterstock
The University of Nebraska mileage reimbursement rate for 2020 will be 29 cents per mile. This is a 4 cent increase from the 2019 rate.

Beginning Jan. 1, the University of Nebraska’s standard mileage rate for the use of a personal car will be 29 cents per mile, an increase of 4 cents from the 2019 rate.

The standard mileage rate is based on an annual study of the fixed and variable costs of operating a university fleet automobile. The 2020 rate was calculated as shown below:

A) Standard sedan rental with tax (Enterprise)…………….$39.60

B) Miles per gallon for vehicle class……………………………………..29

C) Average miles driven (across NU system)……………………..201

D) Gallons consumed (C / B)…………………………………………….6.931

E) Price per gallon (AAA as of Dec. 1, 2019)……………………..$2.57

F) Cost of fuel (D x E)………………………………………………………$17.81

G) Cost per day (A + F)…………………………………………………….$57.41

Calculated personal mileage rate (G / C)……………………. $ .29

For more information, contact NU’s Office of the Vice President for Business and Finance at vpbf@nebraska.edu or 402-472-2191.