mushpuppy
mushpuppy t1_j8ftkdn wrote
Reply to comment by ItsOnlyaFewBucks in College Tuition Has Outpaced Inflation by More Than 3x Over the Last 40 Years by ThePinkHulk
It's a great system. For the schools and the lenders.
Not so much for the borrowers.
mushpuppy t1_j8ftf30 wrote
Reply to comment by ButterflyCatastrophe in College Tuition Has Outpaced Inflation by More Than 3x Over the Last 40 Years by ThePinkHulk
I remember that time. Reagan was surrounded by people who thought that way. They viewed anyone who needed help to become educated as a drain on the system. It was amazingly myopic.
mushpuppy t1_j8fh62v wrote
Reply to College Tuition Has Outpaced Inflation by More Than 3x Over the Last 40 Years by ThePinkHulk
The early 80s were when the US govt under Reagan switched its emphasis from grants to loans. Suddenly colleges didn't have to look to the US govt for funds anymore; they could get students desperate for a better life on the hook.
Before Reagan, states covered approximately 65% of the cost of college, and the fed govt covered another approximately 15%. Now, though, those numbers are reversed, as students cover approximately 80%.
mushpuppy t1_j4wh5ay wrote
Reply to comment by AcidTWister in Ousted Disney CEO Bob Chapek will get $20 million exit pay by lumpkin2013
It's true. Practically any subreddit could've run the company at least as well as Chapek did. /r/wallstreetbets maybe.
mushpuppy t1_j8gpd34 wrote
Reply to comment by not_a_droid in College Tuition Has Outpaced Inflation by More Than 3x Over the Last 40 Years by ThePinkHulk
I was too young to remember. But I have no reason to doubt you. I just remember what Reagan did.
These self-focused people. Sacrificing us all at the altar of the rich.