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?
Some kids win the lottery at birth; far too many don't - and most people have a hard time catching up over the rest of their lives. Children raised in disadvantaged environments are not only much less likely to succeed in school or in society, but they are also much less likely to be healthy adults.
It's when children are 15, 16 or 17 that they decide whether they want to be a doctor, an engineer, a politician or go to the Mars or moon. That is the time they start having a dream, and that's the time you can work on them. You can help them shape their dreams.
I can't add. I don't understand basic science. Or anything else. But I can read anything. I've always been able to, and I've always liked to. Even if I didn't understand it, I liked to.
Travel is rich with learning opportunities, and the ultimate sourvenir is a broader perspective.
It's a failure of national vision when you regard children as weapons, and talents as materials you can mine, assay, and fabricate for profit and defense.
I always think of books as being like people. Even the dull ones are worthy of decent respect, but you don't have to seek them out and spend time with them.
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