HSIs (Hispanic Serving Institutions) are defined as accredited and degree-granting public or private nonprofit institutions of higher education with 25% or more undergraduate Hispanic full-time equivalent (FTE) student enrollment. Excelencia developed the eHSI category--institutions with undergraduate FTE Hispanic enrollment of 15-24.9%--to track the growth of potential HSIs. There were 401 Emerging HSIs (eHSIs) in 2021-22, representing 13% of all colleges/universities and enrolling 16% of Latino undergraduates. While Emerging HSIs do not have the Latino student enrollment required to meet the definition of an HSI, these institutions may soon meet the criteria as their Latino enrollment grows. The list of emerging HSIs presented in this report was created using data from the Integrated Postsecondary Education Data System (IPEDS). [For the 2019-20 report, see ED627435.]