Reply to What is a "donut hole family"?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Question: i was completely ignorant of the fact that student loan amount for a first year undergraduate student is 5500. A poster on this thread has enlightened me. But now I am more confused.If the parent plus loans have an interest rate of about 7%, how are people sending their kids to 80k/year colleges? Is it mostly rich full pay kids then? If so, there is such a lack of diversity at these schools. If not, then how are people paying, especially those who cannot afford more than 30-40k year. How are they paying for the difference? Not to mention there is other cost like travel, etc. [/quote]

You can look at the math at any school from The NY Times.

Here's tufts, 77% of students are from the top 20%

https://www.nytimes.com/interactive/projects/college-mobility/tufts-university

Bowdoin is 70 from the top 20

https://www.nytimes.com/interactive/projects/college-mobility/bowdoin-college

Emory only has 60% form the top 20, but they have 10% from the bottom 20.

https://www.nytimes.com/interactive/projects/college-mobility/emory-university

Essentially, the middle 40% is very under represented at expensive schools [/quote]

The middle 40% is not a protected class. Are you arguing that it should be? [/quote]

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