On the recordFebruary 4, 2014
I thank Senator Schatz. Here is another statistic to think about: It was not so long ago that we ranked first in the Nation with respect to 25-year-olds to 35-year- olds with college degrees, and that was not only a source of immense pride for this country but really the genesis of our economic greatness--that we turned out more college-educated young people than any other country in the world. In a very short period of time we slipped from 1st to not 2nd or 3rd or 4th but to 12th. We are now 12th in the world with respect to the number of 25- to 35-year-olds with college degrees. Part of the reason for that is that a lot of other countries have caught up to the United States. But the crisis in this country is no longer just a crisis of access. That was the buzzword for a long time, that we needed to increase access to college. We now have a crisis of completion in which millions of students are starting school and not finishing for a variety of reasons but largely because of the astronomical cost. Today the majority of students are not graduating in 6 years.…
Source
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