Why Talk about Loans?

Speaking to the National Press Club in late 1975, President Ford explicitly declared that he would withhold federal aid from New York City, which was then in a severe financial crisis, until it eliminated the self-indulgent luxury of open admissions and free tuition at the City University.  To be financially responsible, the President declared, New York must no longer be a city that "operates one of the largest universities in the world, free of tuition for any high school graduate, rich or poor, who wants to attend."  More

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