Money Troubles of Private Colleges
Threat to Identity of the Independent College
A financial bind in the private sector of higher education in the United States threatens to narrow the traditional distinctions between the private and the public colleges and universities, and perhaps to eliminate entirely many of the privately supported independent institutions. There is wide agreement that such an eventuality would constitute a tragic loss of diversity and imaginative enterprise in American education. Leading educational authorities believe that grants from public funds to help meet operating costs hold the only hope for survival of more than a handful of non-public colleges and universities.
Almost all major national organizations in the higher education field have taken action over the past year to impress on public opinion—and on ...