In plain words
There are many subjects in the world; you must use your Buddhi and learn about all of them. What state is our country in today? You know that it is full of fear and hatred. If you consider who is the cause of this sorry state, you find that the cause is the highly educated themselves. Today the very people who are educated appear to be the cause of darkness, of habit, of Ajñāna and of envy. All these vices shine out in the highly educated, of all people. Judging by this, the uneducated man is the one who looks good.
Those who govern this world are none other than the educated. So their faults are bound to be in that government too, surely. Even if there are not so many educated people in other fields, in the field of education the first place surely belongs to the educated; so the whole responsibility for the faults in this field is theirs alone. But before we pick out these faults, we have to find out where they began and where they are.
If termites have taken hold of the root, what use is it to pour water on it, however much you pour? In the same way, when there is no right nourishment in you, the students, the trees that are the educational institutions cannot grow safely. Some faults you pick up as students follow you even after you are grown, spoil your minds and keep on growing. If you want to rid the root of the termites that have taken hold of it, what is the use of cutting the branches above? Only when you rid the root of those termites is there any use. You must go to the root itself and find out the cause.
The chief reason this college was founded is the saṅkalpa to produce exemplary students, and nothing else. There are many colleges in the country to teach worldly learning. So there is no need to found this college for that same learning. In worldly terms, however high a level you reach, there is no gain in it. First classes may be needed in the worldly sense. But in life, character comes first. The education that this needs is taught here, in this college. So only those who want that kind of education should be in this college; those who hold the first class itself to be the supreme goal need not be here.
Today first classes do not go only to those who have worked hard. Those who copy and those who spend money get first classes too. So on one side there is the effort you put into worldly studies, and on the other the effort to follow the path of Satya. This effort is very much needed for happiness and Śānti in life. Without depending on others, by your own effort, you must develop your strength and abilities and your character. To strengthen and nourish all that helps us in the field of life, and so to keep our system of education safe, is our chief duty.
Even a third-class pass won by the right path is still a happy thing; even a first class won by a crooked path brings no joy.