The US spends millions a year on college grants and scholarships. We spend tax payer dollars with no regard for whether this money benefits the taxpayers. I believe this should change.
Many kids want to go into fields that are saturated and often without a lot of income potential. We have plenty of journalists, psychologists, sociologists, and lawyers. I believe government funded scholarships should only be available for fields that meet our nation's needs. At the moment, we need chemists, engineers, physicists, nurses, doctors, etc. We currently fill these roles with immigrants, but that isn't going to work for much longer. Many immigrant scientists educated in the US are returning to their home countries. It's projected that by 2018 there will be a severe shortage of scientists in the US.
Free money for college isn't a perk or an entitlement. Scholarships and grants are an investment in our nation's future. To allow money to be spent without a thought for the future needs of the country is not only a disservice to the student (who may have trouble finding a job), but it ultimately harms our nation through loss of funds, loss of tax potential, and artificial distortion of the market. Misspending money this way is irresponsible.
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