¶ Introduction
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¶ Improving K-12 Education
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¶ Significance of School Choice
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Member FDIC. What are your thoughts on what we can do to improve the K through twelve education system and then eventually make college more affordable for people here in
¶ Success of Charter Schools in DC and NYC
the United States.
Yeah, you know, one of the things that we should be looking at very quickly is I said when I was running for president. I said this on the South side of Chicago with a pastor in Court Brooks for teaching preaching at his church, and I focused on the fact that everybody in the country, say, people living in poverty have quality education options on the table. If you're the richest Americans, you send your kid to the premier
private school you can find. If you are middle income or affluent Americans, you choose the neighborhood with the best schools, and then you move into those neighborhoods. It's only the poorest Americans who do not have quality K through twelve education. One of the fastest ways for us to improve that is to allow for some form of school choice to be a part of the education apparatus in our poorest areas.
The good news is seventy two percent of African American parents, sixty eight percent of Hispanic parents, about eighty percent of Asian parents, and overall eighty two percent of blue collar parents all agreed with some form of school choice. Rather that's charter schools, private schools, some hybrid of public schools, parochial schools. Giving the parent more choices will give the kid the best chance to succeed in life. And that is the fastest way for us to improve the plight
¶ Affordable Higher Education through Community Colleges
of K through twelve education. Classic example, before she passed away, Senator Feinstein, myself, Corey Booker, and Senator Ron Johnson, four of US two Republicans Democrats worked on a school choice through the d C Opportunity Scholarship program that's been around for decades. Four of us took that on as a way of extending the life of it, and we've seen tremendous success to those charter schools in d C. We have some New York City has some strong charts is
called the Success Academy. What we've seen in both of those examples is at the graduation rate for those kids from high school is over ninety percent comparatively speaking, with between forty eight and fifty four percent for the non charter school students. Number one, number two college attendance is about sixty percent higher comparatively speaking, and the grades obviously reflect that as well. So it's fast way for us
to get there. On the higher education spent ten years on the Education Committee, having been the kid who was struggling in high school. And I'm sure you guys all graduated cumlauting. I graduated, thank you all, lotting. So I
¶ Debt Relief for HBCUs
had to be at the bottom of the fifty percent. That was where I found my unhappy self. But one of the things I learned along the way was if we're going to improve the opportunities of higher education, then we have to look at community education as a real alternative. So in South Carolina, Tennessee and many other states, you can get your first two years of college paid for free, go to a community college, and then in those states your college credits transfers to Clemson University, or if you're
a smarter person like me, Carolina Game Cocks. As I'm a fan, you can go there as well. To my Clemson fans, I'm sorry you'll have too many national championships. I just had to put a plug in for the game costs, so you can go to some of those schools and have a get a really good education and pay half the price for your four years of education. Second thing you can do is look at what we've done for hbc USE. When we were in the midst of COVID, we canceled the debt led by myself and
¶ Long-Term Economic Benefits of College Education
others on the team. We've canceled one point three to one point four billion dollars of HBCU debt and then took it to the highest level of funding in the history of the country and made that funding permanent. Because one of the things I recognize is if you want to focus on making a profit, and that has to
be a part of the deal. Looking forward for our community specifically, you have to make sure that the kids are lifelong learners and those kids who are coming from disadvantage communities disadvantaged schools have access to the type of training to get up to speed so that you can then have four good years of quality education. And so we focused attention on some of those institutions that felt a part of their mission was helping the underserved, and
so we focus on that. So those are two really good ways of reducing the costs of education in our nation long term. But let's just be honest. The person who graduates from school today has about thirty five thousand dollars of college debt. Thirty five thousand dollars of college debt translates into about two million dollars of additional lifetime income. That translates into a deal I would say yes to if I couldn't do it any other way.
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