Education: Easy Payments

Seven U.S. colleges this year join 93 private schools in selling education on the installment plan. Devised by a grey-haired businessman, Rudolf Neuberger, the plan may enable many a parent, hard hit by soaring income taxes in World War II, to send his children to a good school. It may also save many a school from the financial disasters which have overtaken Britain's schools since war began (TIME, April 28).

Tuition Plan, Inc. is patterned after commercial installment systems. A parent signs a contract with a school, which sells the contract to the...

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