Increasing access to federal student loans has been a bipartisan effort in Washington, one that I have supported. But it has created what many experts believe is a bubble in higher education, not unlike the housing bubble that preceded the financial crisis.
The 21st century looks different. It's been very disruptive. It has created a lot of insecurity. We have to adjust to that, because the 21st century has real promise. Now, the higher-paying jobs of this new century are fantastic. The problem is, you have to have some level of higher education, maybe not a four-year degree, but some level of higher education, to get those jobs.
I'm all for reforming our higher education system, in the 21st century, to have the skills you need for a middle-class job, you need higher education of some form or fashion. It may not be a four-year degree. The problem is he just wants to pour that additional money into the broken, existing system.
Our higher education system is controlled by what amounts to a cartel of existing colleges and universities, which use their power over the accreditation process to block innovative, low-cost competitors from entering the market.
We need to have a regulatory budget in America that limits the amount of regulations on our economy. We need to repeal and replace Obamacare and we need to improve higher education so that people can have access to the skills they need for 21st century jobs.
I think, again, on issues of energy, how are we going to fully utilize our energy resources in this country? What is the role of the federal government in higher education? What kind of justices would you appoint to the Supreme Court, not just because we have a vacancy now, but at least one or two potentially in the next four to eight years?
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