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A Nineteenth-Century Scheme for Financing Higher Education in Pennsylvania

Published online by Cambridge University Press:  24 February 2017

Saul Sack
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Extract

Faced with the ubiquitous problem of financial solvency, Pennsylvania's denominational colleges, in the nineteenth century, adopted an unusual—and unsound—method of securing prepaid tuition. Temporary and permanent scholarships were sold at varying prices, frequently far below the normal charge for tuition, presumably on the assumption that the large sum of money so collected and invested would realize an income adequate to meet the operating expenses of the institution.

Type
Research Article
Information
History of Education Quarterly , Volume 1 , Issue 3 , September 1961 , pp. 50 - 54
Copyright
Copyright © 1961, University of Pittsburgh Press 

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References

Notes

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