The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-09-24

These seven universities have a total
income of 81, ATS, $50, or over $1,OO0,0OC
each. The income of all the colleges in
the country foots up to the neighbor-
hood of 500, 900, 600, an average of 7,0Ot
each AS every college lives up to its
income, these figures indicate that il
costs an average of $115 per year to inn
part a liberal education to American
college youth.
The difference between the incomes
of the wealthiest institutions and their
poorer sisters is matched by the differ
ence in the cost of instruction. While
the average for the country is only
Sis, the amount in each of the univer-
stiles before referred to is from three
to four times this.
Harvard pays out $400 per year for
each of her nearly 1900 students. Cor
nell spends s975, Columbia $780, and
Yale 1910. As the tuition fees in these
institutions vary from 500 to 5000, in
no case rising above the latter amount,
the figures seem TO sustain the con-
tention made by their managers that
the student receives more for his
money in the great universities than in
the smaller colleges.
Taking into account all the colleges
in the country. the average charge to
students for tuition fees is about SIS,
while the cost of instruction to the
colleges themselves is S115. In the
wealthiest universities the tuition
charge averages $3.50 and the cost of
instruction $3.50.
AL College Students Charity Boys.
1t. may be seen from this comparison
that all college education in this coun-
try is, to a degree, charitable educa-
tion There is no institution entitled
to be called university that is sup
ported from its fees. Every one has
and must have an income aside from
that drawn from it's students. The
funds to provide this income come
either from states or from individuals.
Moreover, the larger the university,
the greater must be it's endowment and
the greater it's use for benefactions.
The fact that the college loses money,
so to speak, on every student it re-
ceives, has brought about one of the
unique features of college manage
ment. 1t is generally supposed to be
the aim of every institution to get as
many students as possible. AS a mat
ter of fact, however, in the most popu-
lar universities the problem is just the
opposite-how to keep the number of
students within the limits that the in
stitution can afford to receive.
This is done ordinarily by raising the
cost of tuition or by increasing the re-
quirements for entrance. Harvard,
Yale and in fact nearly all the largest
universities, have had to resort to these
means to prevent a too rapid growth.
This is the real reason OF the higher
tuition and entrance requirements of
the great universities, and not, as is
sometimes charged, a desire for edu-
cational exclusiveneSS.
So far as the management of its per-
manent funds is concerned, the prob
lens offered by great university are
largely the same as those presented by
an insurance society. First of all the
investment must be SAFE Speculation
is out of the question. In the second
place it is highly desirable that it
should be permanent. Moreover, it is
advantageous that the investments
should have variety of forms. so that
hard times, bad management or finan-
cial disaster in any one enterprise may
not cripple the work of the institution.
Two Unfortunate Colleges.
The danger of having a colleges
funds all tied up in single line of
securities has been illustrated within
the past few years by the troubles of
Lehigh and Johns Hopkins universities.