Student Loans: The Fund-Eating Dragon (2022)
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The Rise and Fall of Salimay
In the 1980s, tuition would outpace inflation. In private schools, it rose an average of 145 percent and the cost of some private colleges near $20,000 per year. By 1983, its shares were being sold in the stock market and it was worth nearly $7 billion. The 80s is really when we saw a preview of the problems that would come to a head in the 2000s.
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