2. Sources of Income:
There are two kinds of sources (a) Private sources and (b) State sources.
(a) Private Sources:
Endowments, fees, donations for immediate expenditure, donations and gifts in the form of scholarships and other such amounts.
(b) State Sources Income:
State grants, land grants, income tax, nominal fees, and private donations are the State sources of income.
3. Sources of Income of Private Universities:
Received in the form of movable and immovable property and money received as a result of increase in production from time to time.
(b) Tution fees:
Tution fees are higher in private colleges than in State institutions.
(c) Donations for immediate expenditure:
Money paid by guardians for the education of their wards, donations given in memory of loved ones, and annual scholarships.
Organisation of University:
The representative elected by Council of Trustees is the President or Vice-Chancellor of the University. Formulation of all the financial and administrative policies is done under his president ship.
University Faculty System:
Every subject has a faculty. The chief of the faculty is the dean. The faculties are sometimes divided into sub-faculties and divisions and the programmes of these groups and divisions are conducted by inter-faculty and inter-sub-faculty in charges.
University and College Systems:
Liberal Arts Colleges, under-graduate colleges, graduate level colleges fall under this system.
Administration and Students:
The head of the department pays attention to the report of students’ union in Liberal Arts Colleges. Old degree-holder students of the college are informed of the annual accounts of income and expenditure.
Student life depends on educational aims according to the educational atmosphere. Hostels are provided for the all-round development of students.
Courses and Holidays:
Courses are wide. There is a freedom of choice of subjects. Semester is of 15 weeks.
Examinations and Grades:
Evaluation is on the basis of marks obtained but grades are awarded on the basis of marks obtained, e.g. the grades A, B, C, D, E are based on percentages of marks.
Women Education System:
In the beginning co-education was not common. Even now there are separate institutions for boys and girls. Now co-education is prevalent.
Fees, Scholarships and Other Facilities:
Scholarships, remuneration and loans are customary in America. The students are free to do extra work.