Finance those students, which is, by the way, what we saw pre-2006 when the back before when there were actual caps on federal lending to graduate students, we did see this thriving private market in graduate student lending, often at very reasonable interest rates.
So that is definitely a space that I'm going to be watching over the next year or so.
I expect there will be action there.
Yeah, you know, I mean, to Preston's point, I mean, one, you saw a bunch of efforts, interesting enough to buy the capital markets to do risk-adjusted, kind of return-adjusted kind of lending, which offered, especially for folks who are majoring in things where we talk about jobs are needed, could get favorable rates if you were looking at the kinds of vocational preparation or career and technical ed options.
The second is that remember, when we went to direct lending, it was supposed to be a pay-for.
It was supposed to help pay for the Affordable Care Act.
Instead, what's happened is taxpayers have eaten hundreds of billions over the last few years.
And so I think part of the background for folks who are only casually following this is that there's a sense that what was promised to the public and to taxpayers has turned out not just to be off, but to be fundamentally backwards.
And I think that's going to inform any reevaluation.
All right.
We have a question right here.
Quickly.
J.P. Hogan, I've been writing about politics for a while.
The Supreme Court and the judicial bench with this election turning it to the president with popular vote and the Senate.
It's almost like if you give the Supreme Court a case where they can rule that the department is like violating in infringing people's freedom of religion, you're running into, with the 250th coming up, a complex conversation on what does it mean to have your rights come from your creator and shouldn't that be a basic civic lesson?
If your rights come from your creator, how are schools not allowed to teach that?
So it seems like this court could give them a case that allows them to rule like on Chevron, take away the authoritarian administrative state.
I'm just wondering if you're looking at the election yet.
I know it only hasn't been 12 hours, but.
So effects on the court?
I mean, I think there's two.
One, we've seen certainly in terms of jurisprudence an increasing kind of emphasis on recalibrating the balance between free exercise and freedom from establishment in the First Amendment.
And I think you'll continue to see that.
And that's what has opened the door in profound ways for tax credits and voucher programs and education savings accounts.
And I think you'll continue to see the court rule in that direction.
The other thing, the ironic thing, is that for all of the invective that the New York Times is and the NPRs of the world have directed at the court in recent years, I fully expect sometime next year when the Trump administration is trying to do something on education and they are challenged by Democratic State's Attorney General as having gone beyond the permissible bounds of the Higher Ed Act or permissible bounds of existing statute,
and they get dragged into court under Loper Bright, under which this court has said there is only so much of freedom for a given administration to rewrite statute or redirect it.
I certainly hope that all of the folks who have complained about the way the court has gotten in the way of their preferred outcomes are going to have second thoughts and reflect on the way in which the court's putting constitutional strictures in place that require that the executive branch actually heed legislative authority and actually abide by statute actually protects all of us whether or not we happen to be in the majority of the moment.
So I think the bottom line is: look, some of the worst case scenarios that you're seeing in progressive circles this morning are not going to come to pass because Democrat attorney generals are going to be able to challenge the Trump administration under Loper Bright.
And I fully expect some of these Democratic challenges are going to succeed.
And that's actually our system working, whether or not you happen to like the Supreme Court ruling at the moment it's issued.
A message of hope from Rick Hess.
All right, I have one question back here.
Thank you, Jeffrey Schulman.
I'm a PhD student.
I was just going to ask, is maybe an area of potential bipartisan cooperation, but also whether it'd be handled on like local or higher level.
There's a lot of talk about restricting access to cell phones in classrooms, and I'm wondering where you guys see all of that going.
Well, I think that you need to have a community conversation about it, but it has had a lot of traction with parents.
And we now have new evidence that there are real damages to young people's attention, engagement, and classrooms.
And so, you know, we should prepare educators to do this, but we should listen to families about how they want their schools to manage the issue.
Yeah, I think because so many states have already banned cell phones, and that takes that looks different depending on where you are.
And the sky didn't fall, the world didn't end.
The parents were still able to, I don't know, email their high school student if they had a pickup question.
I think we'll just see it snowballing and we'll see it in more places.
And it certainly is a bipartisan thing.
Jonathan Haight, NYU professor, book, Anxious Generation, and the incredible media rollout of that earlier this year, I think, led to a national bipartisan conversation.
And so this doesn't have to be a controversial issue, and it's only going to be beneficial.
When we see international and national tests showing that students read recreationally at alarmingly lower rates than just 10 years ago, it's just a no-brainer.
They don't have the attention.
They don't read anymore.
Take the phone away, not just at school, but at home, too.
Can I say this one thing on this?
So, you know, we are state organizations, so this is all like very heady conversation for me.
But I will say that I think the most important thing you can do on a thing like this is not make it a federal issue.
It is like when states are invested in it, it happens.
And frankly, all the energy is in the states right now.
And if there's anything I could sort of advise whoever the next, you know, Secretary of Education is on, it would be to let the states lead and help them sort of get there.
One other thing I just want to say, Nat, you said this earlier and I forgot about it until right now.
You were like, yeah, a lot of this is really, you know, like school choice stuff in particular is very popular with Republicans and the governors sort of like New Hampshire, Missouri, Indiana, Montana, Utah, certainly whatever, all would back that up.
It's also very popular with Democrats.
They just happen to be the constituents.
So like when you separate it out, the electeds versus the people who actually use the programs, they're widely supported.
Well, we have run out of time, so you'll have to wait until the next election to get your questions answered.
I want to thank my fantastic panel.
You brought the energy and the civility that makes these events work.
And thank you for joining us.
Coming up this morning, The Hills Al Weaver covers the newly elected U.S. Senators and the upcoming Senate leadership elections.
And then Capitol Hill reporter Julie Grace Brefke provides an update on the latest House race contests and the battle for control of the House.
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Vice President Kamala Harris gave her concession speech following the 2024 presidential election contest.
She encouraged supporters to accept the election results and expressed her commitment to a peaceful transfer of power during this 15-minute speech at Howard University in Washington, D.C., her alma mater.
Good afternoon.
Thank you all.
Thank you.
Thank you.
So let me say, and I love you back.
And I love you back.
So let me say, my heart is full today.
My heart is full today.
Full of gratitude for the trust you have placed in me.
Full of love for our country and full of resolve.
The outcome of this election is not what we wanted, not what we fought for, not what we voted for.
But hear me when I say, hear me when I say, the light of America's promise will always burn bright.
As long as we never give up, and as long as we keep fighting.
To my beloved Doug and our family, I love you so very much.
To President Biden and Dr. Biden, thank you for your faith and support.
To Governor Walls and the Walls family, I know your service to our nation will continue.
And to my extraordinary team, to the volunteers who gave so much of themselves.
To the poll workers and the local election officials.
I thank you.
I thank you all.
Look, I am so proud of the race we ran and the way we ran it.
And the way we ran it.
Over the 107 days of this campaign, we have been intentional about building community and building coalitions, bringing people together from every walk of life and background, united by love of country, with enthusiasm and joy in our fight for America's future.
And we did it with the knowledge that we all have so much more in common than what separates us.
Now I know folks are feeling and experiencing a range of emotions right now.
I get it.
But we must accept the results of this election.
Earlier today, I spoke with President-elect Trump and congratulated him on his victory.
I also told him that we will help him and his team with their transition and that we will engage in a peaceful transfer of power.
A fundamental principle of American democracy is that when we lose an election, we accept the results.
That principle, as much as any other, distinguishes democracy from monarchy or tyranny.
And anyone who seeks the public trust must honor it.
At the same time, in our nation, we owe loyalty not to a president or a party, but to the Constitution of the United States.
And loyalty to our conscience and to our God.
My allegiance to all three is why I am here to say, while I concede this election, I do not concede the fight that fueled this campaign.
The fight, the fight for freedom, for opportunity, for fairness, and the dignity of all people.
A fight for the ideals at the heart of our nation, the ideals that reflect America at our best.
That is a fight I will never give up.
I will never give up the fight for a future where Americans can pursue their dreams, ambitions, and aspirations.
where the women of America have the freedom to make decisions about their own body and not have their government telling them what to do.
We will never give up the fight to protect our schools and our streets from gun violence.
And America, we will never give up the fight for our democracy, for the rule of law, for equal justice, and for the sacred idea that every one of us, no matter who we are or where we start out, has certain fundamental rights and freedoms that must be respected and upheld.
And we will continue to wage this fight in the voting booth, in the courts, and in the public square.
And we will also wage it in quieter ways in how we live our lives by treating one another with kindness and respect.
By looking in the face of a stranger and seeing a neighbor.
By always using our strength to lift people up, to fight for the dignity that all people deserve.
The fight for our freedom will take hard work.
But like I always say, we like hard work.
Hard work is good work.
Hard work can be joyful work.
And the fight for our country is always worth it.
It is always worth it.
To the young people who are watching, it is...
To the young people who are watching, it is okay to feel sad and disappointed, but please know it's going to be okay.
On the campaign, I would often say, when we fight, we win.
But here's the thing.
Here's the thing.
Sometimes the fight takes a while.
That doesn't mean we won't win.
That doesn't mean we won't win.
The important thing is don't ever give up.
Don't ever give up.
Don't ever stop trying to make the world a better place.
You have power.
You have power.
And don't you ever listen when anyone tells you something is impossible because it has never been done before.
You have the capacity to do extraordinary good in the world.
And so to everyone who is watching, do not despair.
This is not a time to throw up our hands.
This is a time to roll up our sleeves.
This is a time to organize, to mobilize, and to stay engaged for the sake of freedom and justice and the future that we all know we can build together.
Look, many of you know, I started out as a prosecutor, and throughout my career, I saw people at some of the worst times in their lives.
People who had suffered great harm and great pain, and yet found within themselves the strength and the courage and the resolve to take the stand, to take a stand, to fight for justice, to fight for themselves, to fight for others.
So let their courage be our inspiration.
Let their determination be our charge.
And I'll close with this.
There's an adage an historian once called a law of history, true of every society across the ages.
The adage is: only when it is dark enough can you see the stars.
I know many people feel like we are entering a dark time, but for the benefit of us all, I hope that is not the case.
But here's the thing: America, if it is, let us fill the sky with the light of a brilliant, brilliant billion of stars.
The light, the light of optimism, of faith, of truth, and service.
May that work guide us even in the face of setbacks toward the extraordinary promise of the United States of America.
I thank you all.
May God bless you.
And may God bless the United States of America.
I thank you all.
Turn away and turn away on the mountain.
Tell us for the moon.
I'm a walk, I'm a march on the regular.
Paying one of that clue.
Love forgive me, I've been right.
Tell us we're not lose.
May the last one moment.
Today, the Center for Education Reform will host a discussion on the future of education policy in the wake of the 2024 election.
That's live at 11 a.m. Eastern on C-SPAN, C-SPAN now, our free mobile video app, or online at c-SPAN.org.
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Coming up on Washington Journal this morning, your calls and comments live.
And then The Hills Al Weaver covers the newly elected U.S. Senators and the upcoming Senate leadership elections.
Also, Capitol Hill reporter Julie Grace Brufke provides an update on the latest House race contests and the battle for control of the House.
C-SPAN's Washington Journal is next, live.
Join the conversation.
It's Thursday, November 7th, 2024.
At this hour, four Senate races and 38 House races have yet to be called.