A study of student loans and their relation to higher educational finance

Bibliographic data

Monograph

Identifikator:: 1028402236

URN:: urn:nbn:de:zbw-retromon-41825

Document type:: Monograph

Author:: Chassee, Leo Jeannot

Title:: A study of student loans and their relation to higher educational finance

Place of publication:: New York

Publisher:: Harmon Foundation, Inc.

Year of publication:: 1925

Scope:: 1 Online-Ressource (170 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter II. Sources of educational income

Collection:: Economics Books

30 A Study of Student Loans and The Increasing Cost to the Student The income from students has been mounting gradually, but only in absolute figures. Income from Fees and Tuition Year Total Income Absolute Amount Per Cent, of Total Income 1875 $7,960,569 $2,136,062 26.8 1880 7,980,128 1,881,350 23.5 1885 12,253,158 2,270,518 18.5 1890 16,808,734 3,764,984 22.4 1895 22,134,601 6,336,655 28.6 1900 31,676,572 8,375,793 26.4 1905 45,715,927 10,919,378 23.8 1910 80,438,987 19,220,297 23.9 1915 118,299,296 34,067,238 28.8 1920 240,141,994 65,604,128 36.9 1922 319,592,549 64,296,212 20.1 1925 (estimate) 435,000,000 100,000,000 22.9 However, the per cent. which the income from fees and tuition is of the total income of higher education has remained relatively constant until 1920, with a sudden drop in 1922 to 20.1, the lowest since 1885. The per cent. which Student fees and tuition is of the total income, based on the estimated figures for 1925, is 22.9. 22 From the individual student’s standpoint he is paying approximately the same propor- tion of the cost of his education as he was in 1900. A comparison of 1900 with 1922 shows the Situation to be about as follows: the average fees and tuition have doubled; the total income has increased nine times ; the income from students has multiplied itself eight times; enrollments have increased five times and the cost of living has just about doubled. This means that the Student has been paying a slightly decreasing pro- portion of the cost of his education since 1900. It is a matter of common knowledge that it costs more to attend College now than formerly. But these higher costs are not due to larger fees and tuition, for when the expenses of a Student are analyzed, it is evident that the increas ing costs have been more rapid in other items such as board, room, clothing, and social expenses than they have in purely educational ex penses. The Standard of living in the university community has mounted very rapidly and if it is possible for the Student to meet the demand of the rising costs of necessities together with a higher Standard of living, he ought to be able to meet a larger share of the cost of his education. 21 Based on data taken from Sears, Op. Cit., pp. 55-61, up to 1915 and after_ 1915 from U. S. Bureau of Education Bulletins on “Statistics of Universities, Colleges and Professional Schools” for respective years. 32 Since these estimates were made and presented to the Association of University and College Business Officers of the Eastern States, December, 1925, at Pinehurst, N. C., the U. S. Bureau of Education has given out its figures which are: Total Income $387,694,609 and Income from Students $81,168,998 which is 20.9 per cent of the Total Income. This is only .8 per cent higher than 1921-22 and is still lower than any other year since 1885. These, however, do not necessarily invalidate the estimated figures, inasmuch as the figures of the U. S. Bureau of Educa tion represent only those institutions reporting and do not include some of the larger institutions, many of which are privately controlled and thus receive considerable income from fees and tuition.

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