Tuition Turmoil With economy and employment down and inflation up, the tuition of an institution like Harding may seem a little steep. Several students raise objections and question the need fo r such elevated prices. What some may fail to realize is the list of expenditures that a university has and the fact that a private institution rece ives no federal aid. The income from student tuition and board does not even begin to meet the expenses . The totals of salaries, academic support , student services and institutional suppo rt al ready exceed the dollar amount that the students pay. This doesn't . include large expenditures such as operating and maintenance plant and student aid. In fa ct, the $9,281,874 received from tuition and fees (from all Harding institutions) barely pays for salaries and student aid. Thi s forces the administration to rai se money from endowments and gifts. This past year $708,000 was expected from endowment income, the highest figure ever, and $1,148,551 was needed from gifts just to balance the budget. Donations came from alumni, businesses and foundations. These costs don ' t include the building program. The Science Addition under construction, as well as the new Mabee Business Center, are paid for by gifts, also. These two buildings together cost ove r two million dollars. However , Harding is not the only universi ty with this problem. Others such as Lubbock Christian , Alabama Christian, David Lipscomb, Ohio Valley, FreedHardeman and York Colleges a ll have lower enrollment figures but must raise equally large sums. A better comprehension of university expenditures should lead to the students' understanding of tuition turmoil and what ex- ,actly it pays fo r. ~ - PellllY Bible Tuition Tunnoil 23
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