The same thing is true with many big-ticket purchases. As a general rule, when money is tight, prices stay low. You can see where this situation has led us. As college education became more affordable, it became more popular. A lot of good things have come in this age of Study Now, Pay Later.
Many more people can now get a college education.
And others who have their heart set on a prestigious school may not have to settle for something less. But there s a price to pay too. It s gotten extremely difficult to pay for college any other way. The school doesn t care whose money pays the tuition they just want to make sure it gets paid. More than ever, the bill goes to Uncle Sam.