Thank you for visiting SNEWPapers!
Sign up free
The Lincoln Times
Lincolnton, Lincoln County, North Carolina
What is this article about?
U.S. colleges face a need for $800 million annually over the next decade to handle growing applicants, per Kiplinger Letter. Current tuition, endowments, and donations (e.g., $100M from business in 1955, $300M from Ford Foundation) fall short; increased business support and potential government aid are anticipated.
Clipping
OCR Quality
Full Text
Colleges will need about 800 million dollars a year for the next ten years, says the Kiplinger Letter, if they are to come anywhere close to taking in all of the new applicants.
Tuition doesn't pay the bills and endowments bring inadequate returns. Colleges collected about 100 millions from business sources in 1955 and the Ford Foundation's additional 300 millions was huge, but only a drop in the bucket. So business giving to colleges will get new emphasis in the future.
If private giving is not sufficient the time may come when there will be direct government aid to colleges.
What sub-type of article is it?
What keywords are associated?
Domestic News Details
Event Details
Colleges will need about 800 million dollars a year for the next ten years to accommodate new applicants, according to the Kiplinger Letter. Tuition and endowments are insufficient. In 1955, colleges received about 100 million from business sources and 300 million from the Ford Foundation, but this is inadequate. Business giving to colleges will be emphasized in the future. If private giving is insufficient, direct government aid may be necessary.