western maryland college december, 1963 - Hoover Library
western maryland college december, 1963 - Hoover Library
western maryland college december, 1963 - Hoover Library
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The Western<br />
Maryland Picture<br />
by PhiUp B. Schaeffer, '48<br />
"The Money Behind OUf Colleges," a study prepared<br />
by Editorial Projects for Education, Inc., is the special<br />
insert to be found in this copy of your MAGAZINE.<br />
It is a broad study of the current fund income of all<br />
institutions of higher education in the United States,<br />
both public and private, and admittedly "does not match<br />
the income picture of any actual <strong>college</strong> or university,"<br />
In anticipation of the obvious questions, we shall make<br />
some comparisons between our experience at Western<br />
Maryland College and the national averages.<br />
Our current-fund income during the 1962-<strong>1963</strong> academic<br />
year was derived from the following sources:<br />
39.3% came from student tuition and fees<br />
.8%came from the federal government<br />
5.5% came from private gifts and grants<br />
5.5% came from endowment fund and other income<br />
35.7% camc from auxiliary enterprises, such as dormitories,<br />
dining hall, book store, etc.<br />
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page<br />
nille.