mushpuppy

mushpuppy t1_j8fh62v wrote

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%.

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