The college released President Blanding’s annual report for 1947-1948, in which she addressed the inequalities of access to private colleges for racial minorities and the importance of strengthening resources for scholarship aid.  “There has been much in the press of late,” she noted, “concerning equal opportunities for Negro students, and I should like to…say that Vassar would welcome more applications from well-qualified Negro students.”  “We rejoice,” she declared, “that at Vassar our admissions system makes no distinction as to race, creed or color.”

Vassar, she said, had long since recognized the financial barrier to higher education often faced by qualified students, but like other private colleges, it “must meet the larger part of its budget from student fees.  However, Vassar can be proud of its record of student scholarship aid made possible by the support of friends and alumnae.  This year 23 percent of our students received financial assistance.  It is my hope that this figure can soon be raised to a point where at least 25 percent receive aid from the college.”

Reflecting on the implications for liberal arts colleges of the recent report of the President’s Commission on Higher Education, on which she served, President Blanding concluded, “I believe the small privately endowed liberal arts college will continue as long as it provides an education which has meaning for contemporary life.  And, indeed, the issues raised in the report offer a special opportunity for the private colleges, uniquely qualified as they are, to experiment with teaching techniques and courses of study appropriate to our democratic way of life.”

The president reported that the college’s endowment and annuities totaled  $13,833,539 and that aggregated funds received for the year were $439,286.     The New York Times