The average private college tuition in the early 1970s was $ 2161 a year. This figure was approximately four times greater than the average public-college tuition. At Harvard, tuition cost $3200 in 1973-1974. The University of Massachusetts, a publicly supported institution in the same state, charged $ 300 for a state resident. These tuition figures do not include the costs of room, food, and other everyday living expenses. Some students receive scholarship assistance and loans to help pay for the cost of their education. Many students at private and public colleges work while they are attending school, in order to pay their expenses.
Almost 1500 American colleges and universities are privately organized and financed. More than half the income of these institutions comes from student tuition payments. The rest comes from private gifts, endowment earnings, and some federal research grants, Because of steadily rising costs, many private institutions have had to raise tuition rates, reduce scholarship aid, and limit some academic programs. The poor financial condition of most private institutions is a very serious problem in the world of higher education today.
Student fees account for only 15 percent of the income of public colleges and universities. The rest comes from municipal or state and some federal government sources. Although public institutions have also experienced the problem of rising costs, they have often been able to depend on state legislators for financial support. In large part this support may be explained by the legislators response o the wishes of the people who elected them and to general acceptance of the American tradition that everyone who is qualified should have the opportunity to continue his climb up the educational ladder at publicly financed institutions.
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