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Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college.

Poorer students take out larger loans and will have to contribute more to the cost of higher education.

The rising costs of higher education coupled with the stress of paying student loans are putting increasing pressure on students.

By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good-paying job.

Rising student-loan debt is an economic emergency.

I'd really love to see a business model for higher education going forward that is actually affordable, that uses modern technology to reach scale and quality and that really reimburses the services rendered in a way that's meaningful to everybody.

We shouldn't be profiting from our students who are drowning in debt while giving a great deal to the banks. That's just wrong.

We need to align the incentives so that colleges have an incentive to keep down their costs... to graduate students on time with degrees in areas where they're going to be able to get jobs and going to be able to pay back those loans.

We have to look at loan forgiveness to incentivise young people to pursue degrees in areas where we know we need help.

I am here to give the American people some straight talk about higher education. Some have said we might have cut financial aid for college students. The truth is we have expanded access to college for our neediest students through the record growth of the Pell grant program.