Education: For Country and for Chicago

Last week the University of Chicago's shrewd President Robert Maynard Hutchins launched a scheme to earmark war savings for a future college education. "Buy a future education," said the university, "and help win the war with the same dollars."

Under Chicago's "Tuition Certificate Plan," parents or prospective collegians may buy certificates good for future tuition at the university; the university immediately invests the money in war bonds. When a student is ready for college, he gets credit for his payments plus interest on the bonds.

Example: parents of a five-year old boy or...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!