Commentary
Americans generally value education highly. They see education as opening doors of opportunity and as crucial to both individual and social progress.
Far-seeing and generous colleges have long made scholarships available to students who otherwise wouldn’t be able to afford a college education. Private lending institutions used to extend loans to economically disadvantaged youth so that they wouldn’t be excluded from receiving the benefits of higher education. As the fundraising campaigns of the United Negro College Fund in the 1950s put it, “A mind is a terrible thing to waste.”
Indeed, it is—and not just for however many bright individuals couldn’t reach their potential because they couldn’t afford to pay for the necessary education; it’s a loss for our society as a whole. How tragically unenlightened it was for our society to lose out on the talents of some of our most brilliant individuals….
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