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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] TAXES!!!! This is not 80k/ year extra. [quote=Anonymous][quote=Anonymous]I think it’s insane that our $250K family did not get 1 penny FA for a $60K/year school. We were also not always $250K family, we were closer to $160/year, then $180K for a few years. Plus the $250 includes one of us having 2 jobs. My H is a cop and I was a GS-13 most our lives so we could not really save that much.[/quote] Well if you still lived as if you earned $160K/year, you could cash flow the $80K/year with the extra. You could have chosen to save the increases in income for college (or at least part of it). [/quote][/quote] Ok, so $40K/year. Point is you made choices with the extra income. Whatever is right for your family. However, you were living on $160K. So you could have saved $10K/year, then $20K/year then up to $40K/year. What you do with it is your choice, but it does not entitle you to a free education at a T20 school. [/quote] Great so I make 160 to 250 happened over 6 years. That is $60K for 2 kids. [/quote]
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