• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less

1

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Commentary

Universities should support their most vulnerable students to champion education equity

By
Michael V. Drake
Michael V. Drake
and
Daniel R. Porterfield
Daniel R. Porterfield
Down Arrow Button Icon
By
Michael V. Drake
Michael V. Drake
and
Daniel R. Porterfield
Daniel R. Porterfield
Down Arrow Button Icon
June 27, 2020, 9:00 AM ET
high school graduate
Chaneska Quinones watches from a car while waiting to receive her diploma during a graduation ceremony for the senior class of Chambers High School at Homestead-Miami Speedway, Tuesday, June 23, 2020, in Homestead, Fla. Forty-one seniors graduated from the school and crossed the start-finish line to receive their diplomas, during the coronavirus pandemic. (AP Photo/Wilfredo Lee)Wilfredo Lee—AP Photo
Add Fortune on Google for similar content.

At a time when colleges and universities across America are typically reflecting on the achievements and milestones of the prior semester, capped by a celebration of the accomplishments of another talented class of graduates, they are instead reflecting on one unlike any other.

In an effort to help mitigate the spread of COVID-19, presidents at institutions large and small had to send students home, shift to virtual instruction, and postpone commencement exercises. As they look to the fall semester, much more uncertainty lies ahead in the wake of likely state budget cuts, impacted endowments, and the decisions of current and prospective students who might reconsider their college choices. And, of course, college leaders continue to grapple with the implications of how to offer classes in the midst of a pandemic.

As leaders of the American Talent Initiative (ATI)—an alliance of 131 colleges and universities with graduation rates of at least 70% that have committed to ensuring the graduation of 50,000 additional lower-income students by 2025—we urge colleges and universities to meet the needs of low- and moderate-income students even as they chart an uncertain financial future. We issue this appeal with added urgency as the nation seeks to address issues of systemic racism and the impacts of police violence on communities of color.

In the midst of this crisis, our most vulnerable students will lack access to stable broadband, quiet study spaces, and other critical support services that campuses reliably provide. With the loss of on-campus jobs and the onset of new family hardships, they are now at risk of losing ground in their academic journeys, incurring additional costs to make up credits, and potentially dropping out of college altogether. 

Even in a typical academic year, some 12,500 low- or moderate-income high school students do not end up attending the strong colleges for which they are qualified, despite having excellent academic credentials. Additionally, students from the top of the economic ladder are already far more likely to earn a postsecondary degree than those at the middle or lower rungs, exacerbating an opportunity gap that only threatens to widen during the current crisis.

Among ATI institutions, we have seen more than 20,000 additional low- and moderate-income students enroll in our colleges during the first two years of the initiative, but have also seen that curve of collective progress flatten in year three. At a time when that curve threatens to either remain stagnant or bend back in the other direction, we must redouble our efforts. Fortunately, we are encouraged by examples of progress, from institutions in our coalition and many others, that illustrate how higher education can lead the way in expanding access and opportunity for America’s young people.

Schools across the University of California system, for example, made immediate public commitments to accept additional pass/fail credits in the transfer process and suspend student payments on all of its education loans. And Ohio State increased its Pell student enrollment through innovative strategic financing practices, dedicated fundraising for need-based aid, and an emphasis on recruiting and retaining transfer, veteran, and other students from nontraditional pipelines.

Smaller institutions, too, illustrate how it is possible to make transformative commitments to equity, even with finite resources. Davidson College issued a groundbreaking commitment to defer all tuition payments for up to one year in support of its students and their families. And Colby College, with its Pay It Northward initiative, has deployed its full alumni and professional network to connect each and every graduating senior with a postgraduate opportunity.

These institutions and others prove what is possible, even in the midst of chaos and tragedy. All of higher education should follow their lead and double down on their commitments to their most vulnerable students.

But that’s also not enough.

We need to pair colleges’ enduring commitment to equity with a significant federal investment in higher education—a G.I. Bill for the 21st century—that not only mitigates the impacts of the coronavirus pandemic, but provides the resources that every student needs. Community colleges and other parts of the sector that create educational opportunity for millions of people must be included as well. Individual institutions alone cannot solve this crisis, but a shared vision and bold investment can.

We know that as colleges and universities face increasingly difficult financial decisions and budgetary constraints, the opportunity for additional investments will only continue to narrow.

However, America’s future depends on our ability to nurture the talents and capabilities of our young people. Stepping back now—when the need is greatest—would be shortsighted. At a moment like this, there is a sense of moral urgency involved in the task of providing our young people with education and hope. Coming together and taking a collective leap for equity will be instrumental to that future.

Michael V. Drake is president of the Ohio State University.

Daniel R. Porterfield is president and CEO of the Aspen Institute, and previously was president of Franklin & Marshall College.

More opinion in Fortune:

  • 19 Black economists to celebrate and know, this Juneteenth and beyond
  • Rep. Marcia Fudge: Black history is American history. Let’s start teaching it that way
  • We can’t breathe at work, either: John Henryism and the health impact of racism
  • A step toward justice: The pandemic is opening the theatre to BIPOC audiences
  • Why the future of financial markets is in the cloud
About the Authors
By Michael V. Drake
See full bioRight Arrow Button Icon
By Daniel R. Porterfield
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

nido
Commentary250 Years of Innovation
As an immigrant turned entrepreneur and college president, here is why I celebrate our nation as it turns 250
By Nido R. QubeinJune 25, 2026
7 hours ago
Asia’s defense boom is rewiring the global arms supply chain
Commentaryarms, weapons, and defense
Asia’s defense boom is rewiring the global arms supply chain
By Chris OberoiJune 24, 2026
22 hours ago
steve
Commentary250 Years of Innovation
Steve Case: America was built by entrepreneurs. Here’s how we keep that edge for the next 250 years
By Steve CaseJune 24, 2026
1 day ago
t
CommentaryWhite House
Trump mistakes the bully pulpit for bullying leadership — history’s villains were never heroes
By Jeffrey Sonnenfeld and Steven TianJune 24, 2026
1 day ago
mg
CommentaryHealth
The ‘tech neck’ time bomb: why 43 million young Americans could cripple U.S. health care within a generation
By Michael GerlingJune 24, 2026
1 day ago
sb
Commentaryclimate change
The climate policy triangle: why leaders can no longer choose between growth, security and sustainability
By Sebastian BuckupJune 23, 2026
2 days ago

Most Popular

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
12 hours ago
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Retail
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
1 day ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
By Nick LichtenbergJune 24, 2026
1 day ago
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
2 days ago
Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
Success
Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
By Orianna Rosa RoyleJune 25, 2026
12 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.