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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 />

(Continued on Next Page)<br />

page<br />

nille.

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