Report Card

P: Scholarships available to the nation's undergraduates more than doubled in value between the school years 1950-51 to 1955-56, the U.S. Office of Education reported last week. Some 237,000 scholarships worth $65.7 million were up for grabs in 1955-56, and the total value of all scholarships, loans and campus employment made available to college students that year amounted to more than $144 million.

P: Tiny Reed College in Portland, Ore. has long had to rely on its high academic prestige (liberal arts and sciences) to sugar-coat its cut-rate faculty salaries; e.g., Reed's full professors average only $7,500 v. the $10,293 average pay of their counterparts at the state-owned University of Oregon. But Reed's hard-put faculty members had some cheering news last week: an anonymous benefactor gave Reed an endowment fund worth some $400,000 that will be used solely to raise salaries. The new gift boosted Reed's take in the last 16 months to $1,200,000, a 64% rise in its endowment.

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