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College and University Discussion
Reply to "Why do donut hole families"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The donut hole is a myth that poor savers tell themselves. Decisions have consequences. Buying a larger house or nicer car - spending more for vacations and fancy summer camps are all decisions. College costs are not unexpected. You have nearly two decades to save. Plus, you don’t have to save for the most expensive college. All of you who consider yourselves middle class- that means kids stay at home and go to college or they go to an instate college. That is what middle class parents have done for generations. Paying the full amount for high end tuitions for private schools are for rich families not yours. [/quote] That's not true. College costs have increased so much families can't hope to deny themselves every luxury to meet that cost. We're fortunate that we can afford any college, but most people can't, even if they tighten their belt. Please don't be so ignorant and smug.[/quote] But they can afford MOST colleges. So instead of complaining they can't afford the most expensive ones, they should focus on the hundreds of great colleges they can afford and recognized how privileged that is. I can't afford a $100K car, so I don't complain about it, I don't buy it, I find a Honda/Toyota for $25-30K that is a great car and buy it. [/quote] Which is why kids are going to SEC schools[/quote] there are many options besides SEC schools. But yes, choose whatever you like best that you can afford. There are many options out there for good students. You may need to step down just "1 tier" but your smart kid will still get an amazing education. It's what they do while at college that matters. [/quote] What are those options? Going to Salisbury you mean?[/quote] NP. Correct. Or Towson or UMBC.[/quote] Exactly so what donut hole families are complaining about is if one of us just quit our job we could send our kid to a T50 school with FA, or go to Towson/UMBC/Salisbury/ It literally made more sense for me to quit my job for 4 years. Isn't that silly. thanks COVID for being laid off, it worked out. So we now had a salary of $120 and we got FA. That's why many never go off welfare because working doesn't make sense.[/quote] They could also go to a small private college that offers merit aid (such as Goucher) or CC -> 4-year. If they have a lot of AP credits they could plan to graduate a year early from college.[/quote] or go to a SEC school or get a sports scholarship, easier than merit. My kid was never getting merit aid because he only had a 3.8. My kids are dyslexic so yea no Excelleration. or quit your job for 4 years and get aid at a top school Sure got to CC... becuase you make too much money... that's insane. [/quote]
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