1887-1967 Cedarville College Annual Report

FINANCIAL GRAPH 2.soo. 000 2 .:200,000 1, 500,000 1.~00, 000 'loo, ooo soo,ooo 300,000 Cedarville's Budget $1,303, 795.00 FE.ES, TUITION ROOM (BOARD 80. 06% Income ADMINISTRATION ( G[NE.RAL E. XPE.NSES 25 'i7% I oo. ooo '-m=::::tt::=....JL...__ L.__L.__ L-...J '60 '61 '62 Today, no student pays for the entire cost of his edu– cation. Therefore, part of the expense of the school has to be supplied by churches and interested friends of the college. We are without apology a Baptist college of arts and sciences that exists to train young people from our churches with the finest academic education in an atmosphere of high spi ritual standards. We believe our churches want a fully accredited liberal arts college, and we are on the threshold of achieving this goal. But it will cost considerably. The Federal government plans to spend six billion dollars for education in 1967. Higher education will receive 4.6 billion of this amount or almost as much as will be spent on our entire space program. Fifty Outgo new junior colleges were built in 1966 by tax money. The trend toward secular education raises a question. Is there a need for Christian higher education? The success story of Cedarville College eloquently answers this question in the affirmative. While other colleges depend upon Federal funds, Cedarville College has never received one dollar of city, state, or Federal tax monies. The chart on this page reveals that we are largely dependent on student fees, gifts from churches and interested friends of the col– lege. A college with our convictions cannot expect the same help from foundations, businesses, government, etc., that other colleges enjoy. Therefore, the burden lies upon us. Are we willing to pay the price?