Word: tuition
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Dates: during 1960-1969
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Andover (841 boys) and Exeter (760) are the biggest nonmilitary boarding schools in the U.S. They are already national: Andover has boys from 44 states. Exeter from 42. They try to be public by breaking down the barriers of tuition, by striving to find poor boys with rich minds. Yet because they retain high standards and cannot open their doors to everyone, they remain elite schools for gifted boys of a sturdy, stable kind...
College Courses. The school's endowment is $25.3 million (book value ), which is why it can hand out scholarships freely. This fall 28% of the student body is down for $260,000 in aid, including such all-out help as full tuition for the son of a coal miner with a yearly income of $1,975. Even those who pay the full $1,800, which is low for top schools, are in a sense on scholarship. Andover spends $3,400 a year on each...
Winners are eligible for up to four years of financial assistance, with an annual maximum of $1,500 for single men and $2,000 (plus $500 per child) for married men, plus tuition and fees. Students without financial need who win a fellowship will be named honorary Danforth fellows...
Thus it is clear that income from the Federal Government has already come to play a large role in the finances of universities. Along with income from tuition, state appropriations, gifts, and income from endowment, it is now not only a source of support for research but also a major source of operating revenue, especially for some institutions with strong programs of graduate study...
Were it not a highly useful poor boys' school, costing less than $800 a year for room, board and tuition, Texas Agricultural & Mechanical College (8,057 men) might best be known as the only campus in the world to combine the mythology of St.-Cyr, Heidelberg and the Alamo. Often called Texas Athletic and Military, it hatches ferocious football players and in both World Wars had more Army officers than West Point.* It is the nation's largest military college and the only land-grant college that still bars women. To some it seems to be dying...