February 2, 1929

Speaking at the annual luncheon of the New York Vassar Club, President MacCracken said a recent gift made Vassar’s scholarship endowment, over $800,000, the largest of any at a women’s college, giving needy applicants a better chance than ever for a Vassar education. “We must,” he declared, “remove the impression that Vassar is increasingly a rich girls’ college, for it certainly is not true. Never before has so much attention been given to helping girls who are handicapped by lack of funds. In 1914 only 4 percent of the total budget was devoted to scholarships, while in 1928 10 percent was given over to scholarships.”

For 1929-30 $105,000 was granted to some 200 students, and the average grant was $500. Comprehensive fees remained at $1,000.