Reply to Why do donut hole families

Forum Index » College and University Discussion

Reply to "Why do donut hole families"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s really irritating that you have to pay $80k a year and there is no way it actually costs $80k a year. You are subsidizing all the kids who pay less than $80k a year.  There is no way I can afford to pay $80k a year. [/quote]Luckily, you don’t have to pay $80k a year. No one has to pay $80k a year, there are tons of lower cost options available. [/quote]

Then why won't financial aid families send their kids to those colleges?[/quote]

Because for many of us, the most elite schools are the cheapest options.

I ran calculators for my kids (still a few years away from college).  Harvard (which I ran for fun, my kid won't get in there) came in about 20K less than UMD.  The amount UMD came in at would mean that I, like the families complaining about "donut holes", would need to either take major loans (beyond Federal loans) or mortgage our homes, or move to a cheaper home.  Except since my current home is a 2 BR condo in a decent school district, moving to a cheaper place would be a 1BR where I'd need to change younger sibling's schools.

So, yes, if my kid gets into Harvard, he will go.  More likely he'll do 2 years at MC and then a state school, or he'll go somewhere where he get a combination of merit and need based aid that makes it affordable.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics