38 
A Study of Student Loans and 
TABLE 5 
AVERAGE FIXED CHARGES IN PRIVATELY ENDOWED 
INSTITUTIONS, UNITED STATES 1900-25 1 
Charges Per Student for an Academic Year Increase 
Department 1900-01 1905-06 1911-12 1915-16 1920-21 1921-22 1924-25 (1900-25) 
Average $129 $136 $136 $149 $187 $216 $229 $100 
Arts & Science 118 125 121 130 192 229 247 71 
Law 2 104 114 112 141 179 205 213 109 
Engineering 3 120 130 141 162 184 225 283 163 
Medicine 171 181 176 189 194 235 276 105 
Graduate 4 130 130 130 125 184 186 127 —3 
1 Adapted from Thurber, Op. Cit., p. 58, with changes and brought up to date. 
2 Johns Hopkins University not included. 
3 Chicago University not included. 
4 Vanderbilt University not included. 
Harvard, Columbia, Chicago, Deland-Stanford, Johns Hopkins, Vanderbilt, Cornell, and 
Bryn Mawr are included in Arts and Science and Graduate figures. 
The Order here is somewhat better than in the case of public institutions. 
There is no reason to believe, however, that it is a calculated result. It 
is more reasonable to believe that endowments for some branches of learn- 
ing have not been forthcoming as abundantly as they have for others. 
This is undoubtedly true in some cases and is an unfortunate Situation. 
The line-up is encouraging, however, and shows the advantage which 
private institutions have over public institutions. Due to the absence of 
state politics they are able to initiate sounder financial policies. 
If the years prior to 1924-25 are examined, it is found that the 
Order is constantly shifting and there is a tendency to conclude that 
charges in the different schools are not made on any basis of economic 
justice to the individual or to society as a whole. 24 It seems quite obvious 
that there has been no improvement in the apportioning of fees and 
tuitions within the institution, even in the private universities and Colleges. 
No trace of a definite policy involving economic justice can be found. 
Fees and Tuitions in Private Institutions in 1924-25 
The present fee and tuition schedules in private institutions show 
more consistency than those in public institutions, as may be seen in Table 
6. There is less difference among institutions and among the various 
schools within these institutions. There has evidently been an effort on 
the part of each institution to keep within the limits prescribed by other 
institutions. 
24 Thurber, Op. Cit., p. 62.