Newsweek, November 9th, reported:
Can American parents keep up with the high cost of education? "No," was the candid answer offered last week by Rexford G. Moon, Jnr., director of the College Scholarship Service, a division of the College Entrance Examination Board. Speaking at the board's annual meeting in New York City, Moon said that by 1970 American parents will be running an educational deficit of some 3,300,000,000 dollars, In other words, while average tuition and costs will add up to 2,000 dollars per undergraduate, the average family will be able to meet only 1,260 dollars of the bill, The other 740 dollars, Moon says, will have to come from largely new sources of financial aid,
Moon also said that parents will have to pay educational bills for more studts over a longer peiod of time. Moon-gazing into the educational future, he predicted that by 1970 students will be staying in college and graduate schools two years longer than they did in 1960 and that "the number of women in higher education will be equel to the number of men, instead of 70/30 ratio existing in 1960."