Public  Sources  in  1924-25
Referring  to  Table  1,  we  find  that  the  income  from  property  and  productive ­
  funds  in  state  institutions  amounted  to  $13,814,405  in  1921-22.
Allowing  for  the  same  proportionate  increase  during  the  last  three  years
that  has  taken  place  during  the  years  previous  to  1921-22,  this  source  will
yield  approximately  $25,000,000  in  1924-25.  Adding  to  this  the  current
appropriations  which  can  be  estimated  on  the  basis  of  the  figures  in  Table
1,  at  approximately  $110,000,000  in  1924-25,  the  total  income  from  public
sources  for  current  consumption  can  be  estimated  at  $135,000,000  during
this  year.
Student  Fees  for  Tuition  and  Other  Educational  Services
Student  fees  for  tuition  and  other  educational  Services  constitute  the
third  source  of  income  for  higher  education.  This  source  is-  by  far  the
smallest,  having  been  only  $64,296,212  in  1921-22  or  20%  of  the  total
income;  of  this  $64,296,212  from  students’  fees,  $50,602,128  or  79%
was  paid  in  private  institutions  and  $13,694,084  or  21%  in  public  institutions. ­
  Taking  into  consideration  the  rate  of  increase  from  1917  to
1922, 20  it  should  be  safe  to  estimate  an  income  from  this  source  of  about
$100,000,000  for  the  school  year  1924-25  as  against  $200,000,000  from
philanthropy,  and  $135,000,000  from  public  funds.  The  total  from
the  three  sources  amounts  to  $435,000,000  which  is  inclusive  of  new
Capital  Investments  and  which  represents  current  expenditures  for  higher
education  or  the  cost  of  maintaining  it  for  the  year  1924-25.  The  Student,
therefore,  bears  less  than  a  fourth  of  the  cost  of  higher  education  (taking
an  average  throughout  the  United  States).
This  does  not  take  into  consideration  that  a  large  proportion  of  contributions
  to  endowments  and  current  expense  funds  are  received  from
former  students.  The  fact  remains  that  the  average  Student  pays  less
than  a  fourth  of  the  cost  of  his  education,  for  those  who  have  given  endowments ­
  constitute  a  very  small  proportion  of  the  entire  number  who
attend  College.  This  is  true  of  the  public  sources  as  well,  for  they  also
fail  to  take  into  consideration  the  distribution  of  the  benefits  of  higher
learning.  A  large  number  of  graduates  of  state  institutions  bear  the
bürden  of  supporting  them  in  no  greater  proportion  than  do  those  individuals
  who  never  attended.  We  find  in  state  institutions,  as  in  private
institutions,  large  numbers  of  individuals  who  are  the  direct  recipients
of  the  benefits  of  higher  education  and  who  are  never  called  upon  to  reimburse
  the  institution  which  has  given  them  assets  at  a  price  far  below
cost.

20  See  Annual  Bulletins  of  the  U.  S.  Bureau  of  Education  on
Education.”

‘Statistics  of  Higher