It has now been 2 months since the Occupy Wall Street movement spread all across this country; and despite attempts to marginalize it, parody it, sometimes even suppress it, the fact is that one message has come through loud and clear, particularly from young Americans who have participated in this grassroots movement across the country, which is that the spiraling cost of college is smothering opportunity for millions of young Americans all across America. Yesterday the Secretary of Education, Arnie Duncan, presented a speech in Nevada which I think starkly presents the challenge which we face as a Nation. Today, the average student loan debt for graduating students is $25,000. That's the average. There are, again, millions of students who are graduating with six-figure debt. And in an economy like the one they're facing today, this is really an obstacle which will probably burden them for the rest of their lives. And as we are seeing in polls, the cost of college is discouraging many younger Americans, high school-age Americans from even considering the possibility of pursuing a higher education degree. First of all, let's be very clear here. The value of higher education is still, despite some critics, indisputable.…
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