President Barack Obama State of the Union speech didn't offer anything new in education funding or policy changes except to pull together various stakeholders in the private sector to fund his early childhood education initiatives, including high speed broadband connection for schools, and redesigning high schools through partnerships with colleges and businesses to provide access to training and the job market. Yet, for millions of students struggling to pay their student loan debt, there is hardly any relief in sight because the 10% student loan cap only applies to students taking out loans after 2012 or later.
Education transcript:
"Of course, it's not enough to train today's workforce. We also have to prepare tomorrow's workforce, by guaranteeing every child access to a world-class education. (Applause.)
Estiven Rodriguez couldn't speak a word of English when he moved to New York City at age 9. But last month, thanks to the support of great teachers and an innovative tutoring program, he led a march of his classmates through a crowd of cheering parents and neighbors from their high school to the post office, where they mailed off their college applications. And this son of a factory worker just found out he's going to college this fall. (Applause.)
Five years ago we set out to change the odds for all our kids. We worked with lenders to reform student loans, and today more young people are earning college degrees than ever before. Race to the Top, with the help of governors from both parties, has helped states raise expectations and performance. Teachers and principals in schools from Tennessee to Washington, D.C., are making big strides in preparing students with the skills for the new economy -- problem solving, critical thinking, science, technology, engineering, math.
Now, some of this change is hard.
It requires everything from more challenging curriculums and more demanding parents to better support for teachers and new ways to measure how well our kids think, not how well they can fill in a bubble on a test. But it is worth it -- and it is working.
The problem is we're still not reaching enough kids, and we're not reaching them in time, and that has to change.
Research shows that one of the best investments we can make in a child's life is high-quality early education. (Applause.) Last year, I asked this Congress to help states make high-quality pre-K available to every 4-year-old. And as a parent as well as a president, I repeat that request tonight.
But in the meantime, 30 states have raised pre-k funding on their own. They know we can't wait. So just as we worked with states to reform our schools, this year we'll invest in new partnerships with states and communities across the country in a race to the top for our youngest children. And as Congress decides what it's going to do, I'm going to pull together a coalition of elected officials, business leaders, and philanthropists willing to help more kids access the high-quality pre-K that they need. (Applause.) It is right for America. We need to get this done.
Last year, I also pledged to connect 99 percent of our students to high-speed broadband over the next four years. Tonight I can announce that with the support of the FCC and companies like Apple, Microsoft, Sprint, and Verizon, we've got a down payment to start connecting more than 15,000 schools and 20 million students over the next two years, without adding a dime to the deficit. (Cheers, applause.)
We're working to redesign high schools and partner them with colleges and employers that offer the real-world education and hands-on training that can lead directly to a job and career. We're shaking up our system of higher education to give parents more information and colleges more incentives to offer better value, so that no middle- class kid is priced out of a college education. We're offering millions the opportunity to cap their monthly student loan payments to 10 percent of their income, and I want to work with Congress to see how we can help even more Americans who feel trapped by student loan debt. (Applause.)
And I'm reaching out to some of America's leading foundations and corporations on a new initiative to help more young men of color facing especially tough odds stay on track and reach their full potential."
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