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Making College Affordable: Insights from Senator Tim Scott on Education Reform · Earn Your Leisure

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  Speaker 1: Earners. What's up.
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  Speaker 2: Financial Service Group, Inc. P and C Bank National Association
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  Speaker 2: Member FDIC. What are your thoughts on what we can
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  Speaker 2: do to improve the K through twelve education system and
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  Speaker 2: then eventually make college more affordable for people here in
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  Speaker 2: the United States.
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  Speaker 1: Yeah, you know, one of the things that we should
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  Speaker 1: be looking at very quickly is I said when I
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  Speaker 1: was running for president. I said this on the South
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  Speaker 1: side of Chicago with a pastor in Court Brooks for
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  Speaker 1: teaching preaching at his church, and I focused on the
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  Speaker 1: fact that everybody in the country, say, people living in
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  Speaker 1: poverty have quality education options on the table. If you're
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  Speaker 1: the richest Americans, you send your kid to the premier
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  Speaker 1: private school you can find. If you are middle income
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  Speaker 1: or affluent Americans, you choose the neighborhood with the best schools,
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  Speaker 1: and then you move into those neighborhoods. It's only the
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  Speaker 1: poorest Americans who do not have quality K through twelve education.
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  Speaker 1: One of the fastest ways for us to improve that
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  Speaker 1: is to allow for some form of school choice to
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  Speaker 1: be a part of the education apparatus in our poorest areas.
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  Speaker 1: The good news is seventy two percent of African American parents,
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  Speaker 1: sixty eight percent of Hispanic parents, about eighty percent of
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  Speaker 1: Asian parents, and overall eighty two percent of blue collar
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  Speaker 1: parents all agreed with some form of school choice. Rather
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  Speaker 1: that's charter schools, private schools, some hybrid of public schools,
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  Speaker 1: parochial schools. Giving the parent more choices will give the
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  Speaker 1: kid the best chance to succeed in life. And that
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  Speaker 1: is the fastest way for us to improve the plight
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  Speaker 1: of K through twelve education. Classic example, before she passed away,
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  Speaker 1: Senator Feinstein, myself, Corey Booker, and Senator Ron Johnson, four
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  Speaker 1: of US two Republicans Democrats worked on a school choice
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  Speaker 1: through the d C Opportunity Scholarship program that's been around
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  Speaker 1: for decades. Four of us took that on as a
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  Speaker 1: way of extending the life of it, and we've seen
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  Speaker 1: tremendous success to those charter schools in d C. We
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  Speaker 1: have some New York City has some strong charts is
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  Speaker 1: called the Success Academy. What we've seen in both of
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  Speaker 1: those examples is at the graduation rate for those kids
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  Speaker 1: from high school is over ninety percent comparatively speaking, with
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  Speaker 1: between forty eight and fifty four percent for the non
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  Speaker 1: charter school students. Number one, number two college attendance is
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  Speaker 1: about sixty percent higher comparatively speaking, and the grades obviously
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  Speaker 1: reflect that as well. So it's fast way for us
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  Speaker 1: to get there. On the higher education spent ten years
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  Speaker 1: on the Education Committee, having been the kid who was
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  Speaker 1: struggling in high school. And I'm sure you guys all
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  Speaker 1: graduated cumlauting. I graduated, thank you all, lotting. So I
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  Speaker 1: had to be at the bottom of the fifty percent.
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  Speaker 1: That was where I found my unhappy self. But one
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  Speaker 1: of the things I learned along the way was if
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  Speaker 1: we're going to improve the opportunities of higher education, then
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  Speaker 1: we have to look at community education as a real alternative.
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  Speaker 1: So in South Carolina, Tennessee and many other states, you
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  Speaker 1: can get your first two years of college paid for free,
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  Speaker 1: go to a community college, and then in those states
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  Speaker 1: your college credits transfers to Clemson University, or if you're
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  Speaker 1: a smarter person like me, Carolina Game Cocks. As I'm
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  Speaker 1: a fan, you can go there as well. To my
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  Speaker 1: Clemson fans, I'm sorry you'll have too many national championships.
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  Speaker 1: I just had to put a plug in for the
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  Speaker 1: game costs, so you can go to some of those
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  Speaker 1: schools and have a get a really good education and
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  Speaker 1: pay half the price for your four years of education.
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  Speaker 1: Second thing you can do is look at what we've
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  Speaker 1: done for hbc USE. When we were in the midst
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  Speaker 1: of COVID, we canceled the debt led by myself and
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  Speaker 1: others on the team. We've canceled one point three to
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  Speaker 1: one point four billion dollars of HBCU debt and then
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  Speaker 1: took it to the highest level of funding in the
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  Speaker 1: history of the country and made that funding permanent. Because
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  Speaker 1: one of the things I recognize is if you want
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  Speaker 1: to focus on making a profit, and that has to
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  Speaker 1: be a part of the deal. Looking forward for our
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  Speaker 1: community specifically, you have to make sure that the kids
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  Speaker 1: are lifelong learners and those kids who are coming from
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  Speaker 1: disadvantage communities disadvantaged schools have access to the type of
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  Speaker 1: training to get up to speed so that you can
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  Speaker 1: then have four good years of quality education. And so
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  Speaker 1: we focused attention on some of those institutions that felt
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  Speaker 1: a part of their mission was helping the underserved, and
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  Speaker 1: so we focus on that. So those are two really
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  Speaker 1: good ways of reducing the costs of education in our
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  Speaker 1: nation long term. But let's just be honest. The person
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  Speaker 1: who graduates from school today has about thirty five thousand
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  Speaker 1: dollars of college debt. Thirty five thousand dollars of college
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  Speaker 1: debt translates into about two million dollars of additional lifetime income.
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  Speaker 1: That translates into a deal I would say yes to
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  Speaker 1: if I couldn't do it any other way.
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  Speaker 3: An illegal alien from Guatemala charged with raping a child
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  Speaker 3: in Massachusetts. An MS thirteen gang member from Al Salvador
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  Speaker 3: accused of murdering a Texas. Man of Venezuelan charged with
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  Speaker 3: filming and selling child pornography in Michigan. These are just
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  Speaker 3: some of the heinous migrant criminals caught because of President
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  Speaker 3: Donald J. Trump's leadership. I'm Christy nom the United States
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  Speaker 3: Secretary of Homeland Security. Under President Trump, attempted illegal border
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  Speaker 3: crossings are at the lowest levels ever recorded, and over
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  Speaker 3: one hundred thousand illegal aliens have been arrested. If you
• 7:31
  Speaker 3: are here illegally, your next you will be fine nearly
• 7:35
  Speaker 3: one thousand dollars a day, imprisoned and deported, you will
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  Speaker 3: never return. But if you register using our CBP home
• 7:43
  Speaker 3: app and leave now, you could be allowed to return legally.
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  Speaker 3: Do what's right. Leave now. Under President Trump, America's laws,
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  Speaker 3: border and families will be protected. Sponsored by the United
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  Speaker 3: States Department of Homeland Security.