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?
It has become almost a cliché to remark that nobody boasts of ignorance of literature, but it is socially acceptable to boast ignorance of science and proudly claim incompetence in mathematics.
Extemporaneous speaking should be practised [sic] and cultivated. It is the lawyer's avenue to the public. However able and faithful he may be in other respects, people are slow to bring him business if he cannot make a speech. And yet there is not a more fatal error to young lawyers than relying too much on speech-making. If any one, upon his rare powers of speaking, shall claim an exemption from the drudgery of the law, his case is a failure in advance.
Of all the intellectual faculties, judgment is the last to mature. A child under the age of fifteen should confine its attention either to subjects like mathematics, in which errors of judgment are impossible, or to subjects in which they are not very dangerous, like languages, natural science, history, etc.
The purpose of education...is to create in a person the ability to look at the world for himself, to make his own decisions.
Live in the serene peace of laboratories and libraries
An educational foundation is only part of the equation. In order for creativity to flourish and imagination to take hold, we also need to expose our children to the arts from a very young age.
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