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College and University Discussion
Reply to "If you consider yourself a “donut hole” family "
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[quote=Anonymous]HHI is $240,000 before taxes. We have some equity in our home, a savings account around $60,000, a small amount of stock in husband's employer, and our retirement accounts. Haven't done FAFSA, but NPCs have had us paying $60,000 at oos publics. That is not something we'd be able/willing to do. We have another child 2 years younger who will also be going to college. We are fortunate that each kid has a 529, but these wouldn't even pay for one year at a private (or possibly even an oos public). Our income only jumped recently. In the past we dealt with children care x2 in Boston, high rent plus saving for a house in hcol area, and our own big student loans plus cancer and some job disruption. The oldest is 2 years out from college, so we're focused on saving more and expecting to cash flow the rest. We've never lived extravagantly but we really have cut back on things like going out to eat and we wont be taking a vacation this year. But the house needs painting and our cars need repairs...its always something. Looking at in-state or possibly a state school with merit. [/quote]
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