Higher Education: Resources and Finance

By Seymour E. Harris | Go to book overview
to $1,830,000. Approximately 1,200 of Harvard's 4,300 undergraduates now receive scholarship aid, and 300 receive loan aid.The trends are evident in the following:
YearStudent's
budget
TuitionAverage
scholarship
1946$1,200$ 400$400-500
19582,6001,250900+
In a period when the budget rose by $1,400, tuition rose by $850 and scholarships by $400 to $500. Here the rise of the stipend was less than that of tuition, and tuition minus aid, as well as total costs, rose more than family income. I estimate gift aid at 18 per cent of tuition income in 1949- 50 and 25 per cent in 1958-59. Almost 35 per cent of the rise of tuition income went to scholarships. Thus, though the average value of scholarships has not increased as much as the average of tuition at Harvard, scholarships tend to absorb an increasing share of tuition. The latter is evident from the Harvard and the national figures. As tuition rises it becomes necessary to help a larger proportion of students--20 per cent at Harvard ten years ago and close to 30 per cent today. From 1939-40 to 1957-58, an increase of scholarships of about $100 million for the nation contributed to a rise of tuition income of seven to eight times as much. But we should note that enrollment more than doubled in this period. By 1960- 61 national tuition income should be at least $1¼ billion and scholarships under institutional control more than $125 million. If so, the rise of tuition income to date has been more than eight times that of scholarships, as can be seen in Table 16-9.
TABLE 16-9
Fees and Scholarships, U.S., 1940 and Later Years
IncomeMillions of dollarsRise
1940 to 1961
(dollars)
1939-40 1958-59* 1960-61*
Fees2001,0001,2501,050
Scholarships10120135125
*Estimated on basis of change from 1953-54 to 1955-56.

SUMMARY
1. Despite high costs of graduate study to IHL, fellowships tend to be three times as large per grant as scholarships.
2. Distribution of scholarships and fellowships is uneven among regions,

-238-

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