President's Speeches & Writings:

Colleges need to engage in a financial aid ‘arms race.’ Here’s how that could happen

President's Office
August 30, 2021

When it comes to challenges facing our country, a lack of meaningful jobs and growing income inequality are two of the most persistent. Fortunately, colleges have the ability to make a difference, explains President Adam Weinberg in The Los Angeles Times.

Two of the most persistent challenges facing the U.S. are a lack of meaningful jobs and growing income inequality. And these problems are only getting worse.

Sure, there are jobs out there, at fast-food restaurants or fulfillment warehouses desperate to hire someone — anyone. But what we really need are meaningful jobs that anchor people. This means positions that pay a livable wage, provide benefits and stability, and enhance skills so that people can eventually move on to even better jobs.