80
A Study of Student Loans and
including his transportation to and from the Institution from central
points. Items should be provided for liberally, giving as at present a low,
average, and high estimate. The low can be the lowest, the high the
highest that can be found, and the average should be liberal. 42 Let the
estimate be itemized more in detail and no probable expenditure omitted.
The student or his parents can then budget, making provision for all
necessary items and omitting those that the Student feels he can do without.
It would be even better to divide these estimates into necessary and
optional items. The latter should be included so that the student may
know what he may possibly be called upon to spend due to his new
environment. He can then make his decision approximately as to what
he will or will not spend. He will then be prepared to govern himself
accordingly. His choice will have been made ahead of time and if he
departs from it, it is hoped he will realize that something eise upon
which he had definitely planned will have to be omitted in the future.
The following is a fair sample of expenditures as now estimated by
various institutions: (see Tables 10, 11, and 12.)
42 Not necessarily an arithmetical average.
TABLE 10
COMPARATIVE COSTS OF EDUCATIONAL SERVICES
AND OTHER EXPENSES—(1924-25)
Private Institutions
Institution
Educational
Services 1
Eiving
Expenses 2
Total
Average
$294
$597
$908
Columbia Univ
350
990
1,340
Chicago Univ
245
680
925
Lehigh Univ
350
600
950
Notre Dame
275
525
800
Northwestern Univ
250
500
750
Univ. of Penn
305
435
840
Univ. of Pittsburgh
212.50
576
788.50
Princeton Univ
380
600
980
Stanford Univ
335
645
980
Syracuse Univ
260
400
660
Western Reserve Univ
500
714
Yale Univ
615
965
1 Educational Services include tuition, registration fees, etc., and books.
2 Eiving Expenses, exclusive of clothing and amusements.
