Andrew Yang on Education
Democratic Presidential Challenger & Tech CEO
Forgive "significant portion" of student loan debt
Andrew believes the government should forgive a significant portion of student loan debt -- between 40% and 60% for individuals -- based on a number of factors such as income.
There should also be additional forgiveness programs for those who work in areas that have a specific worker shortage (e.g., nurses in primary care deserts).
Andrew believes community college should be funded at a level that allows it to be free or nearly free. For other higher education,
Andrew believes we, as a country, over-prescribe college and should be focused on providing alternative pathways for students, such as apprenticeship and vocational programs.
Source: USA Today on 2019 Democratic primary
, Nov 7, 2019
Would allow compensation for collegiate athletes
To me it is immoral that you have institutions that are profiting to the tune of hundreds of millions of dollars in some cases and then they are saying these athletes are amateurs and they can't receive a dime. They can't even get money for autographs
or appearance fees or their likeness being used on video games. We need to own up to the fact that many of these athletes are massive revenue generators for these institutions and start compensating them accordingly.
Source: CNN State of the Union interview on 2019 Democratic primary
, Sep 15, 2019
I am pro-good-school; pay teachers more; use tests less
Q: Thousands of students are leaving traditional public schools and going to charter schools. You're the most vocal proponent on this stage for charter schools. You have said that Democrats who want to limit them are "just jumping into bed with teachers
unions and doing kids a disservice." Isn't taxpayer money better spent on fixing traditional public schools?
YANG: Let me be clear, I am pro-good school. I've got a kid, one of my little boys just started public school last week. So, we need to pay
teachers more, because the data clearly shows that a good teacher is worth his or her weight in gold. We need to lighten up the emphasis on standardized tests, which do not measure anything fundamental about our character or human worth. But here's the
big one: The data clearly shows that 65% to 70% of our students outcomes are determined outside of the school. The answer is to put money directly into the families and neighborhoods to give our kids a chance to learn and our teachers a chance to teach.
Source: September Democratic Primary debate in Houston
, Sep 12, 2019
College shouldn't be free
Andrew Yang on Cost of College: College shouldn't be free. No candidates have similar views.
While candidates agree something needs to be done to address the rising cost of college, not all are ready to sign onto tuition-free or debt-free college
proposals. Yang has called for a number of other steps, including mandating how much colleges that receive public funding are allowed to raise tuition each year and threatening the tax-exempt status of schools that aren't doing enough to keep costs down.
Source: Politico "2020Dems on the Issues"
, Jul 17, 2019
Offered high pay for teachers in earlier business
Yang mostly kept the company running as it always had. Manhattan Prep's signature practice was to pay tutors $100 an hour, three or four times the prevailing market rate, in order to attract the cream of the crop.
In pursuits after Manhattan Prep, Yang stuck to the principle that high wages lead to better quality of teaching. Yang's platform includes the proposal to "increase teacher salaries" across the board.
Source: Slate.com on 2020 Democratic primary
, Jun 25, 2019
Pay teachers enough to attract and retain the best
I think it's policy number 14 on my website, Yang2020.com, is pay teachers more. This is an investment in ourselves. The data shows that a good teacher is worth his or her weight in gold, in terms of the increased education outcomes for all of the
children in their classrooms. And when you look at the data, teachers are the most important variable consistently. We need to attract and retain the best teachers we can find, and we will all be better off for it.
Source: CNN Town Hall: 2020 presidential hopefuls
, Apr 14, 2019
Improving teacher salaries improves student success
It's been demonstrated that teacher quality is the key factor in student success, and paying teachers more is an effective way to get more talented people into the classroom. My friend started a charter school that manages to pay teachers
$125,000 a year on the budget of a normal school. Not surprisingly, his school has great teachers and outstanding outcomes. We should reduce layers of administration in schools and apply the money to pay teachers at higher levels, particularly those
who have proven track records and results.
Problems to be solved:
- Teacher salaries in this country are too low to incentivize potential teachers with great skill but other options
- Teachers don't have a strong monetary incentive
to continually improve their craft
As President, I will...
Source: 2020 presidential campaign website Yang2020.com
, Mar 29, 2019
- Work with states to fund their educational systems to improve teacher salaries and reduce layers of administration, leading to better educational outcomes
Require colleges to cut administrative costs
I'm frightened of what college costs today. Most of the money is not going to professors--it's going to administrators. If it doesn't directly impact the student experience, universities should take a long look at it and rein in their costs. It's likely
that schools are not up to the task of bringing down their own budgets, and government will have to help them become more cost-efficient.
As President, I will...
Source: 2020 Presidential campaign website Yang2020.com
, Mar 29, 2019
- Explore a gradual phase-in of a desired ratio of administrators to
students of 1 to 30 as a condition of public funding as opposed to the current 1 to 21. The ratio was 1 to 50 in the 1970s --if we can get back to that level then college will be much cheaper.
- Stipulate that any university that receives public
funding cannot increase its costs by more than the rate of annual median wage growth.
- Modify the U.S. News and World Report rankings and eliminate the ability of any university to compensate administrators with incentives tied to their rankings.
Later graduation makes more entrepreneurs
In Israel, 18-year-olds complete 2-year tours in the military. They operate at a high level of autonomy and responsibility and then travel the world for months before heading to college. In the book "Start-up Nation," this training ground is credited as
helping give rise to a culture of risk taking and entrepreneurship. By the time Israelis graduate from college, they're in their mid-20s and mature
This cocktail of experience gives rise to a mixture of both courage and impatience.
As one entrepreneur put it, "When an Israeli entrepreneur has a business idea, he will start it that week. The notion that one should accumulate credentials before launching a venture simply does not exist. Too much time can only teach you what can
go wrong, not what could be transformative."
In this United States, many college seniors have been students continuously for seventeen years, with their professional experience limited to a summer internship or two.
Source: Smart People Should Build Things, by Andrew Yang, p. 46-7
, Feb 4, 2014
College career services should identify growing "new firms"
University career services offices should invest in identifying diverse opportunities with growth companies around the country. There should be "new firm" and "growth company" categories for companies less than five years old.
You improve what you measure. Ideally, national universities would pool resources to invest in an agency that would act as a clearinghouse and ensure that a level playing field exists between firms large and small.
Our national universities are publicly funded and supported; at a minimum their tax-exempt status saves them hundreds of millions of dollars per year. What their graduates do should be regarded as an official goal and a public policy concern.
Universities and MBA programs ought to fund postgraduate scholarships for and forgive the loans of any honors graduate who starts or joins a qualifying early-stage business upon graduation.
Source: Smart People Should Build Things, by Andrew Yang, p.180-1
, Feb 4, 2014
Page last updated: Mar 01, 2020