this post was submitted on 26 Jun 2023
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A Boring Dystopia
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Sallie Mae wasn't even a thing until 1973. Literally not boomers LOL. Federal student loans were very uncommon back before the 90s even and applied to only a few different areas, not everything. It is incredibly clear that something happened in the early 2000s that caused the current fiasco, with both tuition and debt skyrocketing.
https://en.wikipedia.org/wiki/College_tuition_in_the_United_States#/media/File:Tuition_cost_of_college.png
1980s is when the trend starts -- https://www.bestcolleges.com/research/college-costs-over-time/
Huh, interesting. Also interesting is that it leveled off as of late. I know people like to go "muh Reagan" but what happened specifically in the 1980s? As a Republican, I dislike Reagan. I think I'm the only one of my kind.
1980s, you say? Must be a total coincidence..