![]() He said, “I went to Charlie and asked to borrow the money.” He said, “He won’t lend it to me.” He said, “I’m so ashamed. I said, “What’s the matter, Dad?” He said, “I went to see…” The guy’s name was Charlie Delcher, who was the vice president of the Farmers’ Bank, which was a state-owned bank that did a lot of the financing of people wanting to purchase a car. I thought something happened to one of my brothers or my sister or my mom or something. I’m so sorry.”Īnd I thought, “God, something happened.” This was before cellphones. And I walked out, and my dad was pacing back and forth between the big garage door going into the - into the repair shop and the door going out of the ro- showroom.Īnd he looked up. I ran in and the woman whose name was Mary, who ran the place - I said “Mary, where’s Dad?” She said, “He’s out in the lane going into the repair shop.” I give you my word, true story.Īnd my dad was a well-dressed, refined fellow. I’m not joking.Īnd so, I went down in my ‘51 Plymouth with beach towels for seat covers, and I had my uniform on, my spikes off. And I walked in, and I had my spikes and - because the reason I was going down - when your dad works at an automobile agency, you have a great advantage: You get a new car to go to the prom or a u- a good used car. We had four kids, all of - all of us wanting to go to school.Īnd I remember going down after a baseball game - I went to a really good school up in Claymont, Delaware, on the Pennsylvania border. They can never take your education away.”Īnd I remember: My senior year, I got into one of the little Ivies and I got into a number of schools, and we were trying to get the money, even with financial assistance, to be able to go there. He said, “Yeah, but they can never take it away from you. And my dad was a very well-read man, particularly history and - but it was a great regret -Īnd he’d always say, “Joey, you’re going to be a college man.” And I’d say, “Dad, but - well, what does that ma- I mean, you can still get fired if you’re a college man.” My dad’s greatest regret was that he never got to go to college. I remember walking up - my dad, like probably a lot of your folks, cared a lot about your education. That’s one third of the cost, as opposed to before. Today, Pell Grants cover 30 perce- 30 - roughly 32 percent. Those Pell Grants used to cover 80 percent - 80 percent of the cost of going to a public four-year college. In 50 years - for 50 years, Pell Grants have been a key way for the federal government to help lower-income families, particularly those earning less than $60,000 a year, to send their kids to college. Many states have cut back support for their - their state universities, leaving students to pick up more of the tab. We were just talking about that in the Oval. Instead of properly funding public colleges, many states have cut back their support. ![]() The total cost to attend a public four-year university has tripled - nearly tripled in 40 years - tripled. In the 21st century - in my view and I think the vast majority of Americans’ - 12 years of universal education is not enough, and we’re going to be outcompeted by the rest of the world if we don’t take action.īut here’s the deal: The cost of education beyond high school has gone up significantly. And I would argue that it’s one of the reasons why we were so successful and have been so successful.īut as you’ve all observed, other nations have caught up. When America made 12 years of public education universal in the last century, we became - not figuratively, literally - the best-educated public in the world and better prepared than any other nation. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.
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