President Barack Obama on Monday touted the steps his administration has taken to try to meet his goal of dramatically boosting U.S. college graduation rates.
In a speech at the University of Texas at Austin, Obama said he wants the United States to have the highest proportion of college graduates in the world by 2020.
"In a single generation, we've fallen from first place to 12th place in college graduation rates for young adults," Obama said, referring to rankings of the world's top 36 developed nations. "Now that's unacceptable, but it's not irreversible. We can retake the lead."
Achieving that goal would mean adding an additional 8 million college graduates to current levels by 2020 "so we can have a higher share of graduates than any other nation on Earth," Obama said.