Losing Retirement by Degrees

For aging baby boomers, funding college was much easier. Tuition costs kept pace with normal inflationary pressures. Moreover, at the height of the Cold War, with the Soviets winning the space race, Uncle Sam retaliated with the National Defense Education Act (NDEA), which provided massive aid to education at all levels, public and private. Scholarships, fellowships, and low-cost loans abounded. A reasonably bright student willing to hit the books could cover the total cost of their degrees with scholarships, fellowships, work-study programs, and summer jobs.

Losing Retirement by Degrees
Source: Motley Fool