Monday, Aug. 17, 1959
Breakthrough?
Much of the furor over soaring enrollment sounds as if U.S. colleges and universities might go broke by 1968 trying to handle some 6,000,000 students each year. Not so. says the Council for Financial Aid to Education. The monster invasion will indeed cost a staggering amount --$11.5 billion for new buildings and equipment alone in the "crisis" decade 1957-67. But the council found "grounds for hope that we are at last approaching a breakthrough." Main evidence: construction has consistently matched rising enrollment. Since 1955, colleges and universities have apparently been able to spend some 20% more a year ($925 million in 1957-58)--and from now on will need to spend only about 6.5% more annually to house the invaders by 1967.
The key: private gifts, which will make up some 21% of the total cost of higher education in 1969. If gifts flow as freely in the next decade as they do now, the council reported, the U.S. "can and will pay the big bills that are beginning to fall due . . . The nation possesses the means and will provide the support."
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