If the goal is to dramatically improve college completion rates, not college-going rates by itself but college completion, it's not just a college problem. We need a big focus on early childhood education. Our early childhood education system is pretty good in this country. Not enough students have opportunity. And, very discouragingly, they lose their advantage because they go to poor schools after that. So, let's focus on our babies.

Borrowing to pay for college used to be the exception; now it's the rule.

There's so much that we're doing wrong today. And studies show we're one of three countries that doesn't invest more in disadvantaged communities.

It's fascinating to me that some of the pushback is coming from sort of white suburban moms who, all of a sudden, their child isn't as brilliant as they thought they were, their schools aren't quite as good as they thought they were. And that's pretty scary.

At a time when going to college has never been more important, it's never been more expensive, and our nation's families haven't been in this kind of financial duress since the great depression. And so what we have is just sort of a miraculous opportunity simply by stopping the subsidy to banks when we already have the risk of loans. We can plow those savings into our students. And we can make college dramatically more affordable, tens of billions of dollars over the next decade.

We need to invest in very different ways. Get the students the support they need, get them the best principals, get them the great teachers, and I promise you those students would do extraordinarily well. I have seen it all my life.

My vision is that schools need to be community centers. Schools need to be open 12, 13, 14 hours a day six, seven days a week, 12 months out of the year, with a whole host of activities, particularly in disadvantaged communities.