Word: debt
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Dates: during 1880-1889
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Interest on Debt...
Reduction of Debt...
...still in debt...
...show that a subscription to the College Fund is something which every one should feel called upon to give, on account of the obligation which every one is under to the College. By the words College and Alma Mater, he evidently means the benefactors of the College. Our debt to the College is our debt to its benefactors. But in what way is this different from our debt to others who have lived before us? Granted that a student cannot perform certain every-day acts "without receiving that which he does not pay for," are there any other acts which...
...from it. This argument is plausible, but it assumes that the College has not been already paid. I cannot see that a student who pays a monopoly price of $200 a year for four years for a room which is worth $150 at the outside has any large pecuniary debt which he still owes to the College. On the contrary, I think that he should be credited with having paid already a subscription of $200. If a man, after he has established himself in the world, feels that he owes much of his success to his college education...