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College and University Discussion
Reply to "Donut hole reality "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That’s not donut hole. That’s a comfortable family. The rest of our kids go to state schools. [/quote] This. If you have sticker shock, but the ability to pay you aren't really a donut hole. [/quote] Ability to pay when that ability means constant struggle, isn’t really comfortable. Families with more than one kid and $250-300k don’t get financial aid. Paying $180-200k/year for kids’ tuition isn’t easy.[/quote] You save starting at birth, consider your spending and live way below your means. [/quote] That’s not enough, PP.[/quote] You are then penalized for your frugalness and savings; what is in your 529. You can't win.[/quote] This. An idiot I went to college with actually said to me “Only poor people use 529s. People who can actually afford private college don’t need them.” She’s not an accountant or a financial planner, obvi.[/quote] Too many “only poor people” comments that are just plain stupid and wrong. There are good reasons why some families shouldn’t use a 529 plan. But that’s not one of them. [/quote]
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