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Berea University in rural Kentucky is one of the wealthiest colleges in America but it only accepts the poorest applicants. The dropout rate is negligible and its students go out into the world debt-free, unlike the majority of those who emerge every year from America's universities, proudly clutching a degree but burdened by massive debts.
Berea is lucky. It has a $1bn endowment which, wisely invested, produces enough income, topped up by fundraising, to teach 1,500 students. Some of Berea's students even leave with money in their pockets.
Alex Gibson graduated in philosophy this year with $17,000 to his name. Now he is off on a year-long world study tour, funded by a generous travel grant.
Originally posted by Rockpuck
As someone who believes that all education at all levels should be entirely free as our Founding Fathers intended, I love to hear stories like this. However at the same time recognize that at our current state it is impractical and impossible to assume the same can be everywhere..
So good for the 1,500 students who attend such a school (my high school graduating class was larger then that) .. but to the millions of other college students in this country, here is to federally endorsed and promoted servitude level to that of indentured servants! .. Land of the broke, home of the worn down. Ah yes, when you think about it, it really is a great country to devout allegiance to......