In America, we've set up a system whereby when you take on college debt, you will never have to pay more than 10 percent of your income in repayments. And what that will do is make sure that you will never be prevented from going to school just because of money. We want to make sure that you and others like you can succeed.

Nobody's changing what you've got. You get to keep it.

My liberty depends on you being free, too.

I mentioned charter schools, and experimenting with our school system, to make it work. I think that's something we really have to pay attention to.

Every single thing I`ve done, from the Affordable Care Act to pushing to raise the minimum wage, to making sure that young people are able to go to college and get good job training, to what we`re pushing now in terms of sick paid leave,everything I do has been focused on how do we make sure the middle class is getting a fair deal.

But it will depend on young people like you being open to new ideas and new possibilities. And it will require young people like you never to stereotype or assume the worst about other people.

There are certain things we can only do together. There are certain things only a union can do. Only a union could harness the courage of our pioneers to settle the American west, which is why President Abraham Lincoln passed a Homestead Act giving a tract of land to anyone seeking a stake in our growing economy.