We have had this massive effort on K-12 reform, raising standards, great teachers, great principals, turning around chronically failing schools, raising the bar, huge amount of progress. Let's continue that.

Teachers say their schools of education did not adequately prepare them for the classroom. They would have welcomed more mentoring and feedback in their early years.

I worry when athletes are simply used by their universities to produce revenue, to make money for them, nothing to show at the back end. I grew up with a lot of players who had very, very tough lives after the ball started bouncing for them. And that's why I'm going to continue to fight.

No one is mandating merit pay.

This is a devastating problem, is, the longer our children are in school, the worse they do. Year after year after year, our children in America are falling further behind. Our 3- and 4-year-olds enter kindergarten OK, and they fall further and further behind. Each year, children in other countries are learning more than children in this country. And so the gap between American student performance in Singapore and Finland and South Korea and Canada and these other countries, the gap widens year after year after year.

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.

The jobs of the future, as you know so well, are knowledge-based. You need college-educated folks to do this work. And so the consequences for our country are absolutely devastating if we don't start to behave in very different ways.