Underclass Quotes
Referring to President Ronald Reagan whose administration was very good for the wealthy and the large corporations but economically was the start of a downward spiral in the income of the lower middle and lower classes of the society. Reagan and many politicians of both parties were often oblivious to the lives of people not in the upper strata of society. It was not so much that they were against the middle class and poor; they just did not have much contact with them and their plight was list in the averaging of economic statistics that showed increasing income.
The latter years of the 20th century saw a large increase in the number of proprietary, profit making colleges and other institutions of higher education. These were able to utilize the Federal student loan programs. However, many were fraudulent rip-offs. Most were unaccredited. The average proprietary school obtained more federal student loan money per student than non-profit schools {639817}, and did not train their students as well. A smaller percentage of their students get their degrees and find jobs. When they do obtain employment they make less money. Congressional pressure, induced by heavy lobbying, stopped Department of Education efforts to make schools with poor graduation or employment rates ineligible for use of Student Loan Programs.