TABLE OF CONTENTS
PAGE
Foreword 5
Letters op Transmittat,
Committee on Loans •
Secretary of Student Loan Information Bureau 9
Perspective
Student Loans and “The Business of Higher Education” 11
Chapter I
Financial Development op Higher Education
Early Development 17
The Spread of the University Idea 17
Motives in Higher Education 17
Martin Luther and the New Motives 18
Beginning of State Support 18
England and its Philanthropic-Religious Institutions.... 19
The Early Colonial Period in America 19
Early National Period—(1776-1825) 20
The Present Period—(1865-1925)—and the New Purpose 20
Financial Support and Purposes 21
Chapter II
Sources op Educational Income
Three Sources 22
Property Values of Institutions of Higher Education 23
Philanthropie Sources 24
Gifts to Higher Education 25
Recent Gifts 25
Reliability of Philanthropie Sources in the Future 26
Philanthropie Sources in 1924-25 27
Public Sources 27
Incidence of Public Revenue for Higher Education 27
Public Sources in 1924-25 29
Student Fees for Tuition and Other Educational Services 29
The Increasing Cost to the Student 30
Comparative Fees and Tuitions in State Institutions 31
Present Schedule of Fees and Tuition 32
Comparative Fees and Tuitions in Private Institutions 37
Fees and Tuitions in Private Institutions in 1924-25 38
The Cost of Education to the Student 40
Cost of Building 44
Sources of Income versus Benefits 44
Chapter III
Allocation op Higher Educational Costs
Two Phases 45
Costs and Increased Enrollmcnts 45
Points of View 46
Society Should Bear the Cost 46
Recipient Should Pay Full Cost 48
Dividing Cost Between Recipient and Society 48
The Problem of Cost Allocation 49
Arriving at the Ratio 50
The Present Situation 50
Basis for Cost Allocation 52
Reasons for Such Allocations 54
The Individual 55
Knowledge with an Economic Purpose 56
The Share of Philanthropy 56
The Share of Society 56
The Share of the Student 57
The Results 57
