Now Playing: 4-1-13 Marketplace

The sequester officially "kicked in" one month ago, today. At the time, dire media warnings made it sound like we were going to hit an economic brick wall, but that hasn't happened. Why haven't the doomsday predictions come true? Also, April 1 is the deadline for most colleges and universities to let applicants know whether they've been accepted for admission. The tuition check is coming due. On top of that, there'a whole host of other costs that applicants have to pay nowadays.