western maryland college december, 1963 - Hoover Library

The
Money
Behind
Our Colleges
ARE AMERICA'S colleges and universities ill good financial health-
.t':l. or bad
Are they pricing themselves cut of many students' reach Or can-and
should-students and their parents carry a greater share of the cost of
higher education
Can state and local governments appropriate more money for higher
education Or is there a danger that taxpayers may "revolt"
Does the federal government-now the third-largest provider offunds
to higher education-pose a threat to the freedom of our colleges and
universities Or is the "threat" groundless, and should higher education
seek even greater federal support
Can private donors-business corporations, religious denominations,
foundations, alumn i, and alumnae-increase their gifts to colleges
and universities as greatly as some authorities say is necessary Or has
private philanthropy gone about as far as it can go
There is no set of "right" answers to such questions. College and
university financing is complicated, confusing, and often controversial,
and even [he administrators of the nation's institutions of higher learning
are not of one mind as to what the best answers are.
One thing is certain: financing higher education is not a subject for
"insiders," alone. Everybody bas a stake in it.