A Study of Student Loans 
23 
state Institution of higher learning. It is interesting to note that in 
1921-22 (the year which Table 1 represents), public institutions received 
over three tnillion dollars from Philanthropie sources and private insti 
tutions received over four million dollars from public sources. As may be 
expected, the fees and tuition from students in the public institutions con- 
stitute a much smaller percentage of the income in proportion to cost than 
they do in the private institutions. This is also true of the actual total 
sum. 
Besides the three major current sources of income for higher educa- 
tion (as shown in Table 1), there is the fourth which is classed as “all 
other sources.” This includes any miscellaneous income not already 
included. With the proper information it would be possible to divide this 
item between Philanthropie and public sources. 
There is in addition to the income from students’ fees, public sources, 
philanthropy, and “other sources”, the income received from property 
and productive funds in which the Institution has invested, as shown in 
Table 1. This does not include the value of the property and equipment 
which the institutions use, as shown in Table 2. 
TABLE 2 
VALUE OF PROPERTY IN UNIVERSITIES, COLLEGES AND 
PROFESSIONAL SCHOOLS IN THE UNITED STATES—1921-22 
Per Cent. 
Public of 
Per Cent. 
Private of 
Per Cent 
of 
Institutions 1 
Total 
Institutions 1 
Total 
Both 
Total 
Total 
$345,360,183 
100 
$1,072,946,619 
100 
$1,418,306,802 
100 
Value of libraries, 
scientific appara- 
tus, machinery, 
and furniture.... 
62,806,414 
18 
78,093,992 
07 
140,900,406 
10 
Value of grounds.. 
46,371,534 
13 
100,482,239 
09 
146,853,773 
10 
Value of buildings 
excluding dormi- 
tories 
160,832,813 
47 
270,506,358 
25 
431,339,171 
31 
Productive funds.. 
75,349,422 
22 
623,864,030 
59 
699,213,452 
49 
1 Statistics of Universities, Colleges, and Professional Schools, (1921-22), U. S. Bureau of 
Education Bulletin, 1924, No. 20, pp. 31 and 36. 
Property Values of Institutions of Higher Education 
Many of the gifts and appropriations which have been made in the 
past have been invested in or given in the form of property that has 
increased in value. This has brought about an enormous advance in the 
assets of higher education, so that in 1921-22 the various institutions pos- 
sessed property valued at nearly a billion and a half dollars. This is, no