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More People Going To College But Institutions Losing Money
The 1954 Yearbook analysis shows one third of liberal arts colleges operated at a loss last year while enrollment rose nationwide. Tuition has doubled over a decade, averaging $140 at state schools and $500-$600 at independent colleges. Construction worth $3 billion began or planned to support growth. Cooperatives and unrestricted philanthropy from corporations, plus G I benefits, funded expansion. Engineering enrollments rose, and overall college enrollment reached 2,250,700 across about 1,900 institutions, with a larger freshman class and rising business and professional demand.
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