Through a gift from trustee Frederick Ferris Thompson, a loan fund for students was established.  President Taylor in his annual report noted: "Miss Goodsell has been enabled, through the kindness of two trustees, to give employment in sundry services to needy students." Abby F. Goodsell, '69, was Lady Principal from 1881 to 1891.

Dr. Taylor also reported that graduate courses were being offered: "Never before has the College offered advanced courses of work in the various departments and encouraged original study in them." One graduate student was employed half time in the Department of History in return for her board.