This is the real answer I was looking for in the comments.
Comment on [deleted]
Bronzebeard@lemm.ee 2 days ago
Because Reagan defunded public secondary education. And then instead of fixing that in the late 90s/early 00s, they made school loans non expungable and federally guaranteed, so schools didn’t need to keep their process know and competitive anymore.
It always goes back to Reagan…
s38b35M5@lemmy.world 2 days ago
sepi@piefed.social 2 days ago
BTW Nancy & The Astrologer is a great name for a band
SnotFlickerman@lemmy.blahaj.zone 2 days ago
Yep, this needs to be higher. Since student loans are guaranteed and pushed on all students, universities have been spending oodles of fucking money to justify higher tuition costs, which justifies bigger loans that can never be discharged. The banks win, the schools win, the student lose.
whotookkarl@lemmy.world 2 days ago
The government also ramped up the interest rates on student loans while universities increased the price faster than inflation, I paid around 3-4% in 2008, the lowest was around 2.7% in 2020, currently they are close to 7%. The whole thing should be covered by state and federal taxes we’re already paying to subsidize them, but it just keeps getting worse to squeeze every drop of blood from people who weren’t born with a trust fund.
tigeruppercut@lemmy.zip 2 days ago
secondary --> tertiary?
Bronzebeard@lemm.ee 2 days ago
Sure, I guess post-secondary is the term usually used
tigeruppercut@lemmy.zip 2 days ago
I just wasn’t sure if reagan did anything with HS budgets and how that connected with college prices. That guy was such a cancer on the country. Maybe we should just stop electing shitty actors altogether
microphone900@lemmy.ml 2 days ago
Jesus Christ, so many people don’t know the real history of what happened while this is the real answer.
To add on to Ronald “Fucking” Reagan defunding universities, he did it because as governor of California he absolutely hated the anti-Vietnam War protests happening on University of California campuses and thought a good way to limit attendance of ‘rabble rousing’ (re: poor) students was to take away their funding. Conservatives nationwide saw this and thought ‘that’s great, we should do that, too.’ and they did.
Thanks Ronnie. You’re the unwanted microwaved dog shit that ruined America 40 years and your stink is still smelled in full force to this day. I didn’t believe in hell, but I hope they made a special one just for you.
TranquilTurbulence@lemmy.zip 1 day ago
Meanwhile, in many other countries, education is government funded and free to all citizens. Having an education public is seen as an asset, not a liability.