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Now, I know longer school days and school years are not wildly popular ideas. (Laughter.) Not with Malia and Sasha -- (laughter) -- not in my family, and probably not in yours. But the challenges of a new century demand more time in the classroom. If they can do that in South Korea, we can do it right here in the United States of America.

Of course, no matter how innovative our schools or how effective our teachers, America cannot succeed unless our students take responsibility for their own education. That means showing up for school on time, paying attention in class, seeking out extra tutoring if it's needed, staying out of trouble. To any student who's watching, I say this: Don't even think about dropping out of school. Don't even think about it. (Applause.)

As I said a couple of weeks ago, dropping out is quitting on yourself, it's quitting on your country, and it's not an option -- not anymore. Not when our high school dropout rate has tripled in the past 30 years. Not when high school dropouts earn about half as much as college graduates. Not when Latino students are dropping out faster than just about anyone else. It's time for all of us, no matter what our backgrounds, to come together and solve this epidemic.

Stemming the tide of dropouts will require turning around our low-performing schools. Just 2,000 high schools in cities like Detroit and Los Angeles and Philadelphia produce over 50 percent of America's dropouts. And yet there are too few proven strategies to transform these schools. And there are too few partners to get the job done.

So today, I'm issuing a challenge to educators and lawmakers, parents and teachers alike: Let us all make turning around our schools our collective responsibility as Americans. And that will require new investments in innovative ideas -- that's why my budget invests in developing new strategies to make sure at-risk students don't give up on their education; new efforts to give dropouts who want to return to school the help they need to graduate; and new ways to put those young men and women who have left school back on a pathway to graduation.

Now, the fifth part of America's education strategy is providing every American with a quality higher education -– whether it's college or technical training. Never has a college degree been more important. Never has it been more expensive. And at a time when so many of our families are bearing enormous economic burdens, the rising cost of tuition threatens to shatter dreams. And that's why we will simplify federal college assistance forms so it doesn't take a Ph.D to apply for financial aid. (Applause.)

That's why we're already taking steps to make college or technical training affordable. For the first time ever, Pell Grants will not be subject to the politics of the moment or the whim of the market –- they will be a commitment that Congress is required to uphold each and every year. (Applause.) Not only that; because rising costs mean Pell Grants cover less than half as much tuition as they did 30 years ago, we're raising the maximum Pell Grant to $5,550 a year and indexing it above inflation. We're also providing a $2,500-a-year tuition tax credit for students from working families. And we're modernizing and expanding the Perkins Loan Program to make sure schools like UNLV don't get a tenth as many Perkins loans as schools like Harvard.

To help pay for all of this, we're putting students ahead of lenders by eliminating wasteful student loan subsidies that cost taxpayers billions each year. All in all, we are making college affordable for 7 million more students with a sweeping investment in our children's futures and America's success. And I call on Congress to join me and the American people by making these investments possible. (Applause.)

This is how we will help meet our responsibility as a nation to open the doors of college to every American. But it will also be the responsibility of colleges and universities to control spiraling costs. We can't just keep on putting more money in and universities and colleges not doing their part to hold down tuitions. And it's the responsibility of our students to walk through the doors of opportunity.

In just a single generation, America has fallen from 2nd place to 11th place in the portion of students completing college. That is unfortunate, but it's by no means irreversible. With resolve and the right investments, we can retake the lead once more. And that's why, in my address to the nation the other week, I called on Americans to commit to at least one year or more of higher education or career training, with the goal of having the highest proportion of college graduates in the world by the year 2020. And to meet that goal, we are investing $2.5 billion to identify and support innovative initiatives across the country that achieve results in helping students persist and graduate.

So let's not stop at education with college. Let's recognize a 21st century reality: Learning doesn't end in our early 20s. Adults of all ages need opportunities to earn new degrees and new skills -- especially in the current economic environment. That means working with all our universities and schools, including community colleges -- a great and undervalued asset -- to prepare workers for good jobs in high-growth industries; and to improve access to job training not only for young people who are just starting their careers, but for older workers who need new skills to change careers. And that's going to be one of the key tasks that Secretary Solis is involved with, is making sure that lifelong learning is a reality and a possibility for more Americans.

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