WEBVTT - Making College Affordable: Insights from Senator Tim Scott on Education Reform

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<v Speaker 2>to you by P and C Bank, a lot of

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<v Speaker 2>Financial Service Group, Inc. P and C Bank National Association

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<v Speaker 2>Member FDIC. What are your thoughts on what we can

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<v Speaker 2>do to improve the K through twelve education system and

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<v Speaker 2>then eventually make college more affordable for people here in

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<v Speaker 2>the United States.

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<v Speaker 1>Yeah, you know, one of the things that we should

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<v Speaker 1>be looking at very quickly is I said when I

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<v Speaker 1>was running for president. I said this on the South

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<v Speaker 1>side of Chicago with a pastor in Court Brooks for

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<v Speaker 1>teaching preaching at his church, and I focused on the

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<v Speaker 1>fact that everybody in the country, say, people living in

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<v Speaker 1>poverty have quality education options on the table. If you're

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<v Speaker 1>the richest Americans, you send your kid to the premier

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<v Speaker 1>private school you can find. If you are middle income

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<v Speaker 1>or affluent Americans, you choose the neighborhood with the best schools,

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<v Speaker 1>and then you move into those neighborhoods. It's only the

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<v Speaker 1>poorest Americans who do not have quality K through twelve education.

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<v Speaker 1>One of the fastest ways for us to improve that

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<v Speaker 1>is to allow for some form of school choice to

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<v Speaker 1>be a part of the education apparatus in our poorest areas.

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<v Speaker 1>The good news is seventy two percent of African American parents,

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<v Speaker 1>sixty eight percent of Hispanic parents, about eighty percent of

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<v Speaker 1>Asian parents, and overall eighty two percent of blue collar

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<v Speaker 1>parents all agreed with some form of school choice. Rather

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<v Speaker 1>that's charter schools, private schools, some hybrid of public schools,

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<v Speaker 1>parochial schools. Giving the parent more choices will give the

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<v Speaker 1>kid the best chance to succeed in life. And that

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<v Speaker 1>is the fastest way for us to improve the plight

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<v Speaker 1>of K through twelve education. Classic example, before she passed away,

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<v Speaker 1>Senator Feinstein, myself, Corey Booker, and Senator Ron Johnson, four

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<v Speaker 1>of US two Republicans Democrats worked on a school choice

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<v Speaker 1>through the d C Opportunity Scholarship program that's been around

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<v Speaker 1>for decades. Four of us took that on as a

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<v Speaker 1>way of extending the life of it, and we've seen

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<v Speaker 1>tremendous success to those charter schools in d C. We

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<v Speaker 1>have some New York City has some strong charts is

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<v Speaker 1>called the Success Academy. What we've seen in both of

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<v Speaker 1>those examples is at the graduation rate for those kids

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<v Speaker 1>from high school is over ninety percent comparatively speaking, with

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<v Speaker 1>between forty eight and fifty four percent for the non

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<v Speaker 1>charter school students. Number one, number two college attendance is

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<v Speaker 1>about sixty percent higher comparatively speaking, and the grades obviously

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<v Speaker 1>reflect that as well. So it's fast way for us

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<v Speaker 1>to get there. On the higher education spent ten years

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<v Speaker 1>on the Education Committee, having been the kid who was

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<v Speaker 1>struggling in high school. And I'm sure you guys all

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<v Speaker 1>graduated cumlauting. I graduated, thank you all, lotting. So I

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<v Speaker 1>had to be at the bottom of the fifty percent.

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<v Speaker 1>That was where I found my unhappy self. But one

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<v Speaker 1>of the things I learned along the way was if

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<v Speaker 1>we're going to improve the opportunities of higher education, then

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<v Speaker 1>we have to look at community education as a real alternative.

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<v Speaker 1>So in South Carolina, Tennessee and many other states, you

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<v Speaker 1>can get your first two years of college paid for free,

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<v Speaker 1>go to a community college, and then in those states

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<v Speaker 1>your college credits transfers to Clemson University, or if you're

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<v Speaker 1>a smarter person like me, Carolina Game Cocks. As I'm

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<v Speaker 1>a fan, you can go there as well. To my

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<v Speaker 1>Clemson fans, I'm sorry you'll have too many national championships.

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<v Speaker 1>I just had to put a plug in for the

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<v Speaker 1>game costs, so you can go to some of those

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<v Speaker 1>schools and have a get a really good education and

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<v Speaker 1>pay half the price for your four years of education.

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<v Speaker 1>Second thing you can do is look at what we've

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<v Speaker 1>done for hbc USE. When we were in the midst

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<v Speaker 1>of COVID, we canceled the debt led by myself and

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<v Speaker 1>others on the team. We've canceled one point three to

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<v Speaker 1>one point four billion dollars of HBCU debt and then

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<v Speaker 1>took it to the highest level of funding in the

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<v Speaker 1>history of the country and made that funding permanent. Because

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<v Speaker 1>one of the things I recognize is if you want

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<v Speaker 1>to focus on making a profit, and that has to

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<v Speaker 1>be a part of the deal. Looking forward for our

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<v Speaker 1>community specifically, you have to make sure that the kids

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<v Speaker 1>are lifelong learners and those kids who are coming from

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<v Speaker 1>disadvantage communities disadvantaged schools have access to the type of

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<v Speaker 1>training to get up to speed so that you can

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<v Speaker 1>then have four good years of quality education. And so

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<v Speaker 1>we focused attention on some of those institutions that felt

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<v Speaker 1>a part of their mission was helping the underserved, and

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<v Speaker 1>so we focus on that. So those are two really

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<v Speaker 1>good ways of reducing the costs of education in our

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<v Speaker 1>nation long term. But let's just be honest. The person

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<v Speaker 1>who graduates from school today has about thirty five thousand

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<v Speaker 1>dollars of college debt. Thirty five thousand dollars of college

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<v Speaker 1>debt translates into about two million dollars of additional lifetime income.

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<v Speaker 1>That translates into a deal I would say yes to

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<v Speaker 1>if I couldn't do it any other way.

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<v Speaker 3>An illegal alien from Guatemala charged with raping a child

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<v Speaker 3>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 3>accused of murdering a Texas. Man of Venezuelan charged with

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<v Speaker 3>filming and selling child pornography in Michigan. These are just

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<v Speaker 3>some of the heinous migrant criminals caught because of President

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<v Speaker 3>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 3>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 3>crossings are at the lowest levels ever recorded, and over

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<v Speaker 3>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 3>are here illegally, your next you will be fine nearly

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<v Speaker 3>one thousand dollars a day, imprisoned and deported, you will

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<v Speaker 3>never return. But if you register using our CBP home

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<v Speaker 3>app and leave now, you could be allowed to return legally.

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<v Speaker 3>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 3>border and families will be protected. Sponsored by the United

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<v Speaker 3>States Department of Homeland Security.