Potential undergraduate members of the University will not receive the news of an increase in the tuition fee with endless cheers. They will wish to know why an institution with so large an endowment cannot keep its tuition fee down to a level within the reach of everyone who wishes to take advantage of its peculiar educational traditions. They will probably feel that they are being made to bear an additional expense which is properly not theirs, and they will wonder why the authorities find it necessary to raise the tuition fifty per cent in five years--from two hundred dollars in 1920-1921 to three hundred dollars in 1925-1926.

The corresponding increase in fellowships and scholarships granted by the University is to some extent an extenuating circumstance. It arranges matters so that the brilliant student at least is exempt from the common blight. It does not, however, reach the large number of men who plan to put themselves through college and who will be unable to devote their full time and energy to their scholastic work. These men cannot keep their grades up to the high standard necessary to obtain financial recognition from the University, because much of their time is occupied in earning enough money to keep them in their precarious place. Raising their tuition fee fifty dollars is placing an additional millstone about their necks which to the substantial shoulders of the University would be a far lighter and more appropriate burden.