After months of deliberation, Henry Ford II sat down in his Detroit office to compose a letter to the presidents of 881 colleges and universities across the U.S. He knew, he said, that "higher education has serious financial problems. We also know that . . . many of the young men and women cannot attend college simply because they cannot afford the costs." Henry Ford thereupon announced that he had a plan to help out on both counts—one of the fattest scholarship programs ever sponsored by private industry.
The Ford plan is to establish scholarships for the sons & daughters of Ford...
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