Question

What statement best explains paying in cash to cover the cost of an education

Answer 1

The answer is: It requires the use of savings.

On average, the cost of education is around $35,000 - $78,000 depending on your major and learning establishments.

Since average household income in united states is only around $ 59,000, most families would most likely have to save up since their child is still young before they can afford paying the cost of education with cash.