We need to align the incentives so that colleges have an incentive to keep down their costs... to graduate students on time with degrees in areas where they're going to be able to get jobs and going to be able to pay back those loans.
Interpretation
Colleges should be motivated to reduce costs and help students graduate promptly in career-focused fields.
Elizabeth Warren's quote emphasizes the importance of aligning financial incentives for colleges with the goal of lowering educational costs and ensuring that students graduate in a timely manner with degrees that facilitate employment. This alignment can help students secure jobs and successfully repay their loans, highlighting the need for educational institutions to prioritize practical outcomes in their programs.
In practice
In a speech about educational reforms, this quote could highlight the need for accountability in colleges.
Families rely on financial services more than ever, but those who need them most - who struggle to make ends meet - too often must contend with sky-high interest rates and tricks and traps buried in the fine print of their loan products.
There's been such a sense that there's one set of rules for trillion-dollar financial institutions and a different set for all the rest of us. It's so pervasive that it's not even hidden.
Mitt Romney is the guy who said corporations are people. No, Governor Romney, corporations are not people.
I talk to nurses and programmers, salespeople and firefighters - people who bust their tails every day. Not one of them - not one - stashes their money in the Cayman Islands to avoid paying their fair share of taxes.
'Middle class' used to be synonymous with secure, with steady, with boring, because middle-class people were people who were pretty much safe from the time they first started work on through retirement and until their deaths. No longer.
Does anyone believe that Goldman Sachs is gonna give up a deal that would yield millions of dollars because someone fussed at them behind closed doors?
Every fool believes what his teachers tell him, and calls his credulity science or morality as confidently as his father called it divine revelation.
When I first saw children's television, I thought it was perfectly horrible. And I thought there was some way of using this fabulous medium to be of nurture to those who would watch and listen.
Reading is an exercise for learning how to write and vice versa. I have read myself into being a Christian, but I have also written myself into being a Christian.
If a nation's literature declines, the nation atrophies and decays.
Hold a book in your hand and you're a pilgrim at the gates of a new city.
I learned to write fiction the way I learned to read fiction - by skipping the parts that bored me.
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