president rafael reif, the rising cost of higher education. t reif: we basically subsidize the education of every single student that comes to m.i.t. tom: and how china is threatening american innovation. how close are we to losing our edge, our privacy to china? -- our primacy to china? president reif: in some areas, we have lost it. tom: that is coming up. ♪ ♪ tom: let's talk for a minute about the cost of education, higher ed. at m.i.t., i figure it's about $60,000 a year. you are quick to point out 9% pay the full amount. i do know there is generous financial aid here, but even at a discount, higher ed, $30,000, $40,000 a year, that is a heavy lift for families, and it seems to be going up. my question is this, where does this price escalation end? how do we end this creep up? president reif: complicated. let's talk about the cost to educate a student here. you use the word "cost," but tuition is what we charge. tuition and0 for another $10,000 for room and board. that is the cost to a student that can afford to pay. that is only for that 9