Education: Needed: $6 Billion a Year

How can the U.S. pay for higher education in the next decade? This week Harvard Economist Seymour E. Harris, a skilled man with a budget, did some sophisticated figuring for the Central Association of College and University Business Officers' meeting at Purdue University.

The basic Harris proposition: if college enrollment doubles on schedule in ten to twelve years, to 6,000,000. annual costs will triple to $9 billion, and may be inflation-fueled to $11 billion. Therefore needed: at least $6 billion more yearly.

"It is the Federal Government that is not carrying its load in higher education," Harris said. Example: in the 14 years...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!