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

CHAPTER  II

SOURCES  OF  EDUCATIONAL  INCOME
Three  Sources 11
The  sources  of  higher  educational  income  may  be  grouped  under
three  heads:
1.  Endowments  and  gifts,  or  the  Philanthropie  sources.
2.  Appropriations  by  cities,  States,  and  the  national  government  (the
last  named  would  include  land  grants).
3.  Fees  and  tuition  paid  by  students,  or  “income  from  students’  fees
for  tuition  and  other  educational  sources.” 11  12
The  public  as  well  as  the  private  institutions  receive  an  income  from
Philanthropie  sources  and  both  receive  state  funds  and  federal  aid.  As
may  be  noted  in  Table  1,  public  institutions  receive  'by  far  the  largest

TABLE  1
INCOME  FOR  HIGHER  EDUCATION—1921-22

Private
Institutions 1

Per  Cent,
of
Total

Public
Institutions 2

Per  Cent,
of
Total

Both

Per  Cent,
of
Total

Total

$186,006,242

100

$133,747,023

100

$319,753,265

100

Sources

Students’  Fees...

50,602,128

27

13,694,084

10

64,296,212

20

Public  Sources 8 ..

4,691,421

03

89,092,662

67

93,784,083

29

Philanthropy

73,862,731

40

3,538,025

03

77,400,756

24

Other  Sources...

13,932,098

07

13,607,847

10

27,539,945

09

Income  from  property
  and  productive

  funds*....

42,917,864

23

13,814,405

10

56,732,269

18

1  Statistics  of  Universities,  Colleges  and  Professional  Schools  (1921-22),  U.  S.  Bureau  of
Education  Bulletin,  1924,  No.  20,  p.  37.
2  Statistics  of  State  Universities  and  State  Colleges  (1921-22),  U.  S.  Bureau  of  Education
Bulletin,  1923,  No.  49,  p.  15.
3  Including  city,  state,  and  federal  appropriations.
4  Figured  on  a  basis  of  4%.

amount  of  state  and  national  appropriations  for  higher  education,  although
private  institutions  are  still  the  recipients  of  public  funds.  Some  States
find  it  more  advantageous  to  assist  private  institutions  than  to  establish  a
11  This  study  is  primarily  concerned  with  the  last  named,  but  in  order  to  give  the  third
source  its  proper  place  and  examine  it  in  its  broader  aspects,  it  is  necessary  to  study  it  not  by
itself,  but  as  a  part  of  the  wkole  scheme  of  higher  educational  finance.
12  Used  by  the  U.  S.  Bureau  of  Education  to  designate  this  source  of  income.
            
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