[Weekly Compilation of Presidential Documents Volume 36, Number 24 (Monday, June 19, 2000)]
[Pages 1334-1337]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Commencement Address at Carleton College in Northfield, Minnesota

June 10, 2000

    Thank you very much, President Lewis. It's nice to be around someone 
who is not term-limited. [Laughter] To the trustees and faculty members, 
including your longtime faculty member and now your United States 
Senator, Senator Paul Wellstone. It's nice to see you and Sheila. Thank 
you for being here, both of you.
    I congratulate Bruno Nettl and George Dixon on their degrees, and I 
thank the Carleton community for making me welcome. I congratulate the 
student speakers, Katy and Sachin and Faisal. They were really, really, 
I thought, very good. I'm glad there was some break between when they 
spoke and when I had to speak. [Laughter] Maybe you won't remember how 
good they were, and I'll be able to get through this. [Laughter]
    I want to congratulate all the members of the class of 2000, your 
families, and your friends, and I thank you for giving me the 
opportunity to share this with you.
    I've been hearing about Carleton for years. I have a staff member 
and adviser, Tom Freedman, who is here with me today, class of '85, and 
his college roommate, John Harris, who--he's on the other side in 
Washington. He writes for the Washington Post. They're both here, over 
here to the left. So there is life after college, and they have proved 
it.
    And they told me about the motto, ``You are part of Carleton, and 
Carleton is part of you.'' They also told me that Carleton is my kind of 
place, a school that celebrates diversity, a school whose students and 
faculty exemplify excellence without elitism, a school where the 
president of the college gets to sing like Elvis. [Laughter]
    I'm also very proud that someone painted my portrait on the water 
tower, and I thank you for that. Now, I heard it wasn't the greatest 
likeness in the world, but I still kind of wish you hadn't painted it 
over. [Laughter]
    I also got a souvenir from my stay here, and I want to show it to 
you. Thank you. And someone asked me if I would give this fellow a ride 
on Air Force One, to sort of add to the legend, you know? [Laughter] And 
I thought, why not? He looks more like me than that guy on the water 
tower did. I think I'll do that. [Laughter]
    I do want to say I love the message that Faisal and Sachin gave 
about building on our common humanity, and I wrote down what I thought 
was the best line from Katy Beebe's talk, ``Use cliches like they were 
meant to be used.'' I think that's pretty good, because we all have 
them. [Laughter] The truth is, I have been paying attention now to 
graduations for quite some time. And you are graduating at a time which 
is different. Yes, there are a lot of common elements in this ceremony. 
Yes, there are a lot of common elements in your feelings. Yes, you're a 
remarkably diverse group. I could tell that just by shaking hands with 
you and exchanging a few words. One of you even asked me to change a 
Government policy. [Laughter] Good job.

[[Page 1335]]

You have to ask Senator Wellstone. It's an act of Congress now. I can't 
change it. [Laughter]
    But the truth is, this year marked more than a millennial turning of 
the calendar. This country and the world have entered an era that is 
different, in the way we work and live and relate to each other and the 
rest of the world. For us, it's a time of unparalleled promise. We have 
the strongest economy we've ever had and the longest expansion in 
history, the lowest minority unemployment rate ever recorded.
    And yet, it's also a time of increasing social cohesion: the poverty 
rate at a 20-year low; the welfare rolls at a 32-year low; the crime 
rate at a 25-year low. It is--in my lifetime, anyway--the only time we 
have ever had at once so much economic prosperity and social progress 
and at the same time so little internal crisis or external threat to our 
existence. We have an opportunity to shape a world, therefore, that is 
more free and more decent than ever before.
    I can't help noting that this is the one-year anniversary of the day 
when the Serbian troops accepted NATO's terms and began to withdraw from 
Kosovo *, and we reversed the tide of ethnic cleansing and religious 
cleansing that was present when almost a million people were driven from 
their homes. We still have 5,500 Americans there with troops from 39 
nations. Almost all of the refugees have gone home. They're going to the 
polls for the first time in history this fall. So I'm very proud of 
that.
    * White House correction.
    But it shows that it's a very different world. Not so many years 
ago, it would have been unthinkable that America would be part of a 
multinational force, deployed just to stop people from being murdered or 
uprooted because of their race or ethnic background or religion, and I'm 
glad we did it.
    The world is moving to the beat of two great forces: globalization 
and the revolution and knowledge of information technology, the 
biological, environmental, and material sciences. And our whole pulse is 
quickening with all this new discovery and interaction.
    I have worked very hard to prepare this country for the 21st 
century, and now it belongs to you, and it's up to you to decide what to 
do with it. I hope very much that you will use this moment to deal with 
the big challenges and the big opportunities that are still out there 
for us: to bring prosperity to people and places that are still poor and 
haven't been caught up in this recovery; to end child poverty and give 
all our children access to a good education; to give families the time 
and tools they need to balance their work at home and their work at 
work; to deal with the challenge of the aging of America; to reverse the 
tide of climate change; to put a human face on a global economy; to 
maximize the potential of science and technology and minimize its new 
risks; to build one America across all the lines that divide us; and to 
build a world where the forces of peace and prosperity and humanity are 
stronger than the old demons of war and disease and poverty.
    Now, you have a chance to do that, in no small measure because you 
spent the last 4 years here. And I want to talk just very briefly today 
about one specific subject, our common obligation to give all young 
people the chance you've had to develop the abilities, the 
understanding, the feelings, the outlook that you have developed here in 
your years at Carleton.
    It's important because in the world we live in, it's the only way to 
guarantee our Founders' dreams of opportunity for all, so it's important 
individually. But from my point of view, it's even more important 
because unless we can more generally spread the benefits of education, 
your generation will not be able to build a future of your dreams.
    Two centuries ago opportunity meant having a chance to carve out a 
farm on the forest frontier. A century ago it meant a chance to work in 
a factory with reasonably decent conditions and give your children a 
chance to get a high school education. Today, opportunity requires the 
constant ability to learn and relearn, to master new tools and new 
technologies, to think broadly, to adjust quickly, to put things in 
context. It means every American needs more than a high school 
education. It means a college education is not a luxury.
    In the coming years, the number of new jobs requiring at least a 
bachelor's degree will

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grow twice as fast--more than twice as fast--as those that don't. The 
three fastest growing occupations require at least a bachelor's degree, 
and their pay, of course, is much better than average.
    So I have a simple message today which is that our country cannot 
afford to leave any students behind simply because they can't afford to 
pay for college. I came from a family where nobody had ever gone to 
college before, and yet, from the time I was a little boy, I never had 
any doubt I was going, because that's what my family told me I was going 
to do. And thanks to my family and scholarships and loans and jobs, I 
got opportunities that eluded all my parents' generation and, 
unfortunately, eluded all too many of my contemporaries in high school.
    When I became President, I was determined to do what I could to give 
every student that chance. I am well aware, if it hadn't been for that 
chance that I had so long ago now, to go to school, I wouldn't be 
standing here today.
    So, what does it mean to give every young person the chance to go to 
college? First, we have to begin at the beginning. We've worked on 
education reforms to make sure all of our kids start school ready to 
learn, finish high school ready to succeed. We've expanded early 
childhood education; supported higher standards, more choice, and 
greater accountability for results in our schools; extra help for kids 
who need it, from after-school to summer school to mentoring programs; 
new efforts to attract talented teachers, reduce class size, modernize 
classrooms, connect all of them to the Internet. That's the first part 
of this.
    But the second thing we've tried to do is to open the doors of 
college to every American. In 1993 we created something called the 
Direct Student Loan Program. It has lowered the cost of all borrowing 
and all loan programs and saved America's students, in lower interest 
costs and charges, $9 billion over 7 years. That program also allows 
students to pay back their loans as a percentage of their income.
    In 7 years, we expanded Pell grants more than 40 percent and 
increased the work-study program so that now a million young college 
students are in work-study. On a thousand campuses, a lot of them are 
earning money by teaching young children to read in elementary schools. 
AmeriCorps is now giving 150,000 young people a chance to earn money for 
college and serving in their communities. Education IRA's now let 
families put savings in IRA's and then withdraw them for college 
expenses--tax free.
    We created the $1,500 HOPE scholarship tax credit to make the first 
2 years of college as universal as high school and to help families 
afford the last 2 years, as well as graduate school and job training. We 
set out to launch a lifetime learning tax credit which provides a 20 
percent credit against tuition and fees.
    Now, this year alone--those things were done in '97--well over 10 
million Americans will use HOPE scholarships and lifetime learning 
credits to open the doors of college and opportunity.
    In the past 7 years, most of which we spent trying to get rid of the 
deficit, America has more than doubled college aid, the greatest 
expansion since the GI bill 50 years ago. It has proved to be a great 
investment. Today, coincident with this speech, I am releasing a report 
which demonstrates that as student aid has increased, so has college 
attendance, now to record levels. Fully two-thirds of our high graduates 
go straight to college. That's an all-time high. And for the first time 
in history, a majority of young African-Americans are enrolling in 
higher education.
    The report also documents what you already know: The value of a 
college education in sheer economic terms is going up. The earnings gap 
between those who have a degree and those who don't is growing 
dramatically. Over the course of a career, a person with a bachelor's 
degree will earn, on average, $600,000 more than a person who has a high 
school diploma. The return on a college investment is now nearly double 
the stock market's historical rate of return.
    Now, this report, on balance, is good news. But it has some sobering 
information. With all the new financial aid and even though the rise in 
tuition costs have slowed over the past few years, most families still 
have to stretch to pay the college bills. Over the past 20 years, the 
cost of college has quadrupled. I'll bet there are a lot of parents here 
who have

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taken second mortgages or second jobs to help pay those tuition bills.
    So I'd like to do one other thing in this area before I go, and I 
hope the Congress will do it this year. I would like to build on the 
success of the HOPE scholarship and the lifetime learning credits with a 
$30-billion college opportunity tax cut. It would allow families, 
whether they're in the 15 percent or the 28 percent tax bracket to claim 
a tax deduction worth up to $2,800 for up to $10,000 in college tuition 
costs. It would make a big difference to a lot of families in this 
audience today, and I think it ought to be done.
    Again I say, I know it's important for individual opportunity, but 
we have to recognize that we're living in a time when investment in 
human capital is even more important than investment in physical 
capital. This would be some of the best money this country ever spent.
    I also hope we'll do more this year to help young people out there 
who are still, believe it or not, unaware of how important and how 
possible college is. Maybe nobody is pushing them to take the classes 
they need, or they don't know how to get the financial aid. I have 
asked, and I ask again, the Congress to work with us to expand our 
initiatives, called GEAR UP and TRIO, to reach out to students as early 
as the sixth grade to give them the dream that they can go to college 
and to determine to do what it takes to succeed once they get there.
    Now, if we do these things, we can provide more students with the 
support they need, give more families the relief they need, give our 
economy the skilled work force we all need, and give our Nation more 
active, informed citizens. At long last, we've got the money to do it. 
The only question is whether we have the vision and will to do it. We 
owe it to your generation to do that.
    Think about this. A hundred years from now the Carleton class of 
2100 will be sitting where you are. They'll look up at this podium, and 
perhaps they'll see a President reflecting on the 21st century, the good 
old days. I hope that he or she can say that we began this century in 
the right way.
    I offer all of you my congratulations for the challenges you've 
conquered, the projects you've completed, the goals you've reached. You 
should be very proud. And as you embark here, I hope you'll never forget 
one other thing, implicit in what all other speakers have said. All your 
individual lives will unfold in the context of community, your local 
community, your national community, and increasingly, the global 
community. If you want to make the most of your own lives, you have to 
give something to all of your communities.
    As the years pass, I am convinced that your generation will be 
judged most, and you will tend to judge yourselves most, on the ways in 
which, large and small, you give something back to the whole. If you do 
that, then you will be more than leaders in arts and science, business 
and industry. You will be great citizens of our Nation and the world.
    I honestly believe the next 50 years can bring the greatest period 
of peace, prosperity, and humanity the world has ever known. It depends 
upon whether we do the right thing for the future and whether we 
understand that our common humanity is far, far more important than all 
the things that divide us.
    May Carleton always be with you. Good luck, and God bless you.

 Note:  The President spoke at 10:38 a.m. in the Bald Spot Quad. In his 
remarks, he referred to Stephen R. Lewis, Jr., president, and Katherine 
Beebe, Sachin Patel, and Faisal Mohyuddin, students, Carleton College; 
Senator Wellstone's wife, Sheila; and Bruno Nettl and George H. Dixon, 
honorary degree recipients.