Education: $20,000 Bet

As both a priest and a psychologist, Father Raymond A. Roesch, 46, is a persuasive fellow. Last year he became president of the Roman Catholic Marist University of Dayton, which needs persuasion. Dayton is one of the biggest private colleges (6,296 students) in a state brimful of good ones, but its main products are piety and basketball. Some of its academic departments operate on budgets as low as $1,000 a year. Last week Father Roesch passed on some newly won presidential wisdom: U.S. foundations "bet on horses that have won before." Then he launched a real horse race: Any department that...

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