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[larmagazine]

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[takingbackcaeducation-blog]

By the time Reagan was elected to the nation’s highest office a decade and a half later, these powers had devised perfect tools to make sure the spirit of 1960s protest would never again erupt on campus. During Reagan’s two terms as president, dedicated funding for outright grants-in-aid decreased, federal guidelines pushed individual loans, and private bill collectors were brought in to ensure that the hardest kind of debt to escape was whatever you took on for your education. Even more important was the shift in tone and expectation. Public goods became private services, and by the end of the 1980s, the anti-tax, infra-structure-starving, neoliberal Weltanschauung meant that as states cut their budgets, support for higher education was thrown into a cage match with every other necessary public good.

Peter Lunenfeld, "Ronald Reagan stuck it to millennials: A college debt history lesson no one tells”