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Brass Tacks

Money Money Everywhere: V

In most of its major financial aspects, Harvard College is in much the same situation as is Harvard University. The College, like the University as a whole, in the richest in the country. Again like the University, it has nonetheless been forced to cut expenses because of cost rises.

The College has not, however, raised its tuition in order to balance the budget, as have several other departments of the University, such as the Business School. Before the war, the College was attempting to lower the cost of living at Harvard. By maintaining tuition and room charges at their prewar levels, and by holding board rises to a fraction of the nationwide jump in food prices, the College has in effect achieved its goal. It costs less to live at Harvard now, in preparation to living costs throughout the country, than it did before the war. It also costs less to live at Harvard than at nearly every other major eastern college, Yale, Columbia, Dartmouth, and Princeton being among those which have raised their tuition.

Whether is not this condition is temporary depends on many factors. Next year, enrollment will commence the long shrink back to normal and the full-scale summer term will be discontinued. A great drop in student income will result, both in tuition and in room and board. If this decrease should be accompanied by a continued rise in prices, the College will have to move swiftly to meet expenses.

It conceivably could make further expense cuts of the sort that have created the current dearth of tutorial. The administration views such cuts uneasily because they would impair the quality of education at Harvard. Nor would they stand up logically in the face of the fact that the return to normal enrollment will be an advantage only insofar as it can unburden the physical plant and return educational standards to the prewar level.

Three possibilities remain. The College could cut Faculty salaries, although such a cut was not undertaken at any time during the depression and would be nothing short of an emergency measure. Another possibility, and one on which the College is busily at work, is to increase the endowment suffiently to cover expenses. Finally, tuition, room, and board prices could be raised. J.R.

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