1981-1982 Cedarville College Annual Report

THE COSTS It costs approximately $5,400 to attend Cedarville College for one academic year. This figure is 28 per– cent lower than the national average for private four– year colleges in America and only $700 higher than the national average for public universities . Clearly, Cedarville's costs are a bargain by today's standards. ENROLLMENT Endeavoring to hold costs down and to raise funds privately, the college continues to refusefederal, state, and localgovernmentfunds for either operating or capi– tal building purposes. This historic practice remains as a result of deep commitment to the free enterprise system, a commitment which is consistent with the principle of separation of church and state . There– fore, the total cost to educate Cedarville students is borne by tuition, auxiliary services, and gifts from the private sector. Gift income to the college has increased in the last five years. Unrestricted gifts for the last yea r totaled $399,000 and accounted for 4.6 percent of the col– lege operating budget. Capital gifts for buildings, endowment, and equipment totaled $990,000. The annual budget for 1982-83 is in excess of $9.5 million. COLLEGE COSTS 1,185 1978 $ rr.::;:rmi_., 7 ,600 Cedarville College State Colleges and Unil'ersities 78-79 =---+----! 6,900 ~--+-----r----16,000 11111"":.-_J__- - + - -1--j 5,525 I _----+-rc::::::::~----:==:=======1 5,400 5,100 4,900 4,430 4,300 4,200 4,000 3,900 3,400 3,250 3,000 1,730 1,657 1,500 1,350 1979 1980 1981 1982 TOTAL GIVING SIA00,000 $1.3110.000 $1.200.1100 $1 . I00.000 $1.0011.000 $900,IHIO $800.0011 $700,000 $61Kl.IKIO $51IO.lllKI