In plain words
Faith in God is gone; the Dharma of decent conduct has lost its form; and mightily unbelief has grown; śraddhā is gone even at the word guru; to Bhakti farewell, and to the light of the ancient Sanātana a time of farewell has come; peerless honour and esteem are crashing to the ground in education.
Na hi jñānena sadṛśaṃ pavitram iha vidyate. Nowhere in the world can any other thing be found that surpasses education. Education is the very embodiment, plain to see, of a sacred divinity that is the root and the support of the gross world, of the world of living beings, of the realm of the mind and of social life, and that stands as the eternal Satya. In the mirror of education we can see the divine nature of man. Education is what has revealed the eternal Satya, the Satya that gives creation itself its shape and its features, that is beyond time, that is to say, holds good for all times. The man who has recognised divinity has every chance to build close bonds of kinship with creation, with society, and with the divine powers within man. Not bound by creation, but ruling creation itself: the strength and the power for that we have the chance to experience through the very essence of education. It is from such a divine frame of mind that Sat-Cit-Ānanda arises.
Today's education can tell only of going out from Prakṛti into the Ātma. That is not the eminence of true education. Entering into Prakṛti from the Ātma: that alone shows the chief goal. Education is what has shown the whole of mankind in the world to be one family of Īśvara. The divinity in society has to be made manifest through the individual alone. It is only through the individual that divinity and holiness have to be brought within our reach. But today's education simply comes to an end with receiving degrees, and nothing more. Education is what gives one the chance to bring the essence of the learning one has gained into harmony with one's life, to guard it, and so to give man true delight. We are born in society itself, we grow up in society itself, and in society itself we come to our end. So in an educational institution it is most essential to regard the welfare of society and the responsibility of society as our own responsibility.
As for the standard of today's education: merely for the goal of pleasures and riches, and that alone, we are misusing this divine education. Today's education merely sharpens certain kinds of cleverness; it does nothing at all to develop character.