Quote by Andrew Cuomo

Ninety percent of the students take the 'preferred lender.' Why? Because that's the nature of the relationship. You trust the school. The school is in a position of authority.

Ninety percent of the students take the 'preferred lender.'

Summary

This quote suggests that the majority of students choose the "preferred lender" because of inherent trust and authority given to educational institutions. It implies that students tend to rely on the school's recommendation when it comes to selecting a lender for student loans. The phrase "nature of the relationship" indicates that the students place their trust in their educational institution, perceiving it as an authoritative entity. Thus, the quote alludes to the influential power dynamics between schools and students in shaping their financial decisions.

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By Andrew Cuomo

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