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For-profit higher education is today a booming industry, feeding on the student loans handed out to the desperate.

Giving education away for free is a really good idea, but it can't be the future of education. There has to be a business model around it that actually works.

The one thing we can do is invest in the quality of education, especially higher education.

Our higher education system is one of the things that makes America exceptional. There's no place else that has the assets we do when it comes to higher education. People from all over the world aspire to come here and study here. And that is a good thing.

We can do better in higher education. And it is more than just technology. It's also an attitude on the part of faculty. We need to think through how we can produce a better quality product at less cost.

The need for a college education is even more important now than it was before, but I think that the increased costs are a very severe obstacle to access. It is an American dream, and I think that one of our challenges is to find a way to make that available.

Ensuring quality higher education is one of the most important things we can do for future generations.

When we make college more affordable, we make the American dream more achievable.

I don't think we will put higher-ed out of business. I think we'll evolve it. More access, higher quality, lower costs, more global reach.