According to Hillary Clinton during her acceptance speech at the Democratic convention, "College is crucial."

But that's not all. She goes on to say that a four year course is not the only way to get a good job. "We're going to help more people learn a skill or practice a trade and make a good living doing it," says Clinton. It's Clinton's way of rethinking higher education. According to US News, a New Perkins Act would do it.

House Speaker Paul Ryan explains "A Better Way." This is an anti-poverty blueprint that stems across the political arena. It aims to strengthen career and technical education. In turn, it becomes the key to improving economic and social mobility.

If passed, the "Strengthening Career and Technical Education for the 21st Century Act" will help young people move up to economic prosperity. It just needs the votes. The "Strengthening Career and Technical Education for the 21st Century Act" reauthorizes the Carl D. Perkins Act. The act itself funds career and technical education since 1984. If restarted, it could prove beneficial to millions of Americans.

The reauthorized Perkins act is similar to the Every Student Succeeds Act. But this time it gives more discretion to the states. Micromanagement is off. The states will be responsible to pursue, measure and report the process and its outcomes. The states can choose how to spend their Perkins dollars as long as it follows the main goal of the act.

With this in place, the New Perkins Act generates incentives to employers who will utilize employees under "work-based learning" programs.

Funding of this act starts at $1.13 billion in 2017. It will then increase to $1.21 billion in 2022.

If this gets passed, the new Perkins Act would be a small but evidently an important step in making sure that students get on the right path for them.

Find out what others think about the new Perkins Act:

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Topics Career Advice, Education