Scholarly cry for attention
THE POST
One man has raised $170 million to send low-income children to private schools.
Theodore J. Forstmann, a billionaire Wall Street financier, has received 1,237,360 applications for scholarships, or nearly one out of every 50 American school children. Forty thousand of those applicants were chosen by a computerized lottery to receive money to attend the private school of their choice.
This program, which is the largest privately financed scholarship program in the country, is a tremendous help to children who were awarded the scholarships, which will amount between $600 to $1,600 per year for four years. The national average for tuition at a parochial school is $2,500.
Forstmann should be commended for giving the money to individuals. The money will be much better spent on those 40,000 children than it would be if it were fostered into a general education fund, where it would be just a small drop in the bucket. Kids are more likely to try to perform up to higher standards when they are awarded the money personally. Forstmann had help raising this money from many famous people including baseball star Sammy Sosa, poet Maya Angelou, actor Will Smith, talk show host Oprah Winfrey, General Colin Powell and politicians including Senator Daniel Patrick Moynihan (D-NY).
This kind of national support from all realms of the country to try to get children money to leave public schools and enter private schools should send a strong message to the federal government. A message that, by now, should be loud and clear about the public school system - there is something wrong.
The federal government needs to respond to this mandate and do something about public schools because right now it seems that Forstmann, and not the government, is the only one taking an active role in bettering children's education.