When I went to Colorado State University (by no means prestigious) tuition ran around $2,300 [1] and is now almost triple [2] per semester, I could rent a 2 bedroom apartment and live alone for $735, where as that's now sharing a 3 bedroom apartment. Renting the apartment I had is closer to $1,300 per month, or nearly double what I paid. It's not very affordable, whereas I could relatively easily afford it.
And these are all anecdotes. The unemployment rate has followed the national trend for Colorado, and there does not appear to be a shortage of remote work for software engineers.
[1] http://irpe-reports.colostate.edu/pdf/tuition/Tuition_Fees_H...
[2] https://financialaid.colostate.edu/media/sites/38/2018/05/Un...