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Free education
For like 5 people?
Then I suppose the question is reduced to how one should select the 5 people! :)
Trial by combat
To the victor goes the scholarship.
Anything better than 0
Well, if you put that million dollars somewhere that makes a bit of money and follow the 4% rule, you could take out $40k each year and maybe help 4 kids attend a state school every 4 years.
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