The. Not when it is sucked up by the School District itself and so until we shine a light on return on investment for these expenditures i think we will continue to live in a world where we spend more money per kid but dont get the results. Talk about student voucher tell us how you change your thinking on this interesting topic. This topic gets people really riled up if you want to have the debate just bring up the word voucher. I am a democrat and have spent my entire life when i asked my dad the difference he said democrats care more about the people that have less than republican make more money and i said i made democrat and i have been ever since. So when i got to washington d. C. I had clear views about what education reform should look like right to allied with the vouchers because the democrats think they are bad because you take the money away from the pork that needed them or let the core that need it the most but when i arrived in washington there is a publicly funded Vouch
Its a financial calculation. The one thing we talked about in the book and i dont know how it is for many people but the founder of paypal scholarships he recruits the top students in the country like harvard doesnt he pays them to work with him and the other students. They get paid to go. They make a deal where teal and the company get a percentage of what these young people make as a result of this experience. Its investing in Human Capital and its an interesting idea. One and it do to david wants me to tell quickly, after graduate school i went to law school harbor golf school. I lived in the dorm and it became known as the College Proctor which is kind of funny. People were disaffected and wanting to leave college and i told them they were probably better off to stay. One of my freshman graduated in medical school and became a proctor. He one of them was a entrench a tent and couldnt talk him into staying said john asked me to talk to this young man bill gates. I talked to him and
The benefit of agriculture and mechanic arts. Be it enacted their big round to the several about of public land for support and maintenance of at least one college where the leading object should be to teach such ranges are learning as are related to agriculture and mechanic arts in our to promote the liberal and practical education of industrial classes and of the several pursuits and professions of life. Seems to me that they knew exactly what they were about. In 1862. That may be less true for us today. Weve gone from a society where about one 40th of young people went to college a century ago, to about twothirds are pursuing some form of education after high school. And this obviously changes everything in the economics of Higher Education. And seems to have produced as todays book suggests a debtfinanced glut of ba holders. Many of us, like bill and david did, have noticed the parallels to our recent when it comes to Higher Education finance. Debt financing is especially a problem
Today. We are coming up on the 151st anniversary of the moral act enacted july 2nd , 1862 of the remarkable achievements of the Lincoln Administration in addition to fighting the civil war with a landmark of Higher Education it begins to donating way and for college for the benefit of agriculture and mechanic guards but the amount of publicly and of support for a least one college with a leading object is to teach as is related to agriculture and the Mechanic Parts to promote the liberal and practical education of the industrial classis in several pursuits in professions like it seems that they knew exactly what they were about in 1862. That may be less true for us today. We have gone from a society from one century ago to where twothirds are pursuing some form of education after high school and this obviously changes everything in economics of Higher Education. In seems to have produced a debtfinanced of a glut of holders many of us have noticed the parallels to the houses and condos
Rapidly move into competencey based education. Employer based designation and skill sets for badges that it will be one of the most important things in the technological transformation of the Academy Going forward. That is not an unold Fashion Program that you talk about the. I will take one more question. And i want to go way to the back. We were talking to those in the front and giving them an unfair advantage. I had a question about. Not st. Johns college but the different one. But yeah. Basketball. No. We talked a lot about out standing Student Loan Debt. What do you think should be done because you really cannot discharge this unany circumstances. You will have to pass attest that pretty impossible. The debts were paid for by the taxpayers. So is unjust to forgive it and how does that stand in the strong tradition of bankruptcy we have in this country . What do we do with the debt that is out there . Good question. David . It is unjust to forgive it. It sounds horrible but this wa