Reply to What is a "donut hole family"?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Nobody in their right mind thinks college cost increases over the past 25 years are not exorbitant.

and congress wants to put a cap on nurses pay, come on let's put some regulations around college costs.[/quote]

I don’t disagree with you, at all. But I still don’t believe there’s any such thing as a donut hole family. [/quote]

Anybody making $150K HHI will not qualify for aid, so explain to me how a family of 4 saves $400K to pay for college?

Assuming they make $70K HHI at 30 and by the time they are 45 they make $150K[/quote]

By making it their top priority and living modestly in every other possible way. If they don’t want to do that, they can use publics. [/quote]

Can you write out the budget for me?

[/quote]

The premise is wrong.  Someone with HHI of 150k and two kids in college will qualify for financial aid, absent other assets, at least at the best private colleges.  Maybe not a free ride, but pretty significant aid.  Then it's up to you to decide if you want to pay the difference, which should hurt a little, shouldn't it?
I mean, at $300k we don't qualify for aid.  SO we have to decide whether it's worth it to write a check for $75k per year for Harvard etc (if kid gets in) or we are only willing to pay less, at a state school or lower ranked school where kids might get merit aid.  I could argue it "hurts" us to have to think about this, as opposed to if we made $500k per year, but I don't any expect sympathy for that kind of entitlement.[/quote]

I have two in college, HHI less than 150k, and do not receive any financial aid[/quote]

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