How Do You Pay For College?

Sallie Mae surveyed the country. Kay Steiger sees the chart above as evidence that college is mostly for rich kids:

This indicates to me that the vast majority of those attending college (and it’s worth noting that Sallie Mae defined “undergraduates” for the purpose of this survey as 18 to 24 year olds, who are very much the “traditional” college student) are people who can afford to do so without taking out loans, which means they’re wealthier. There are still some low-tuition schools out there that you can attend without taking out vast amounts of loans if you don’t have wealth or savings, but that’s an increasingly small portion of colleges these days.