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[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.

[b]College costs are not unexpected.  You have nearly two decades to save. [/b]

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.

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But that's the problem, college expenses have become [b]exploitative[/b] for most family budgets. As PP suggests, your entire adult life you're now supposed to be either saving for college or paying off your loans. It's basically become a third layer of taxation in addition to state and federal.[/quote]

College costs are INDEFENSIBLE here in the US. No other country in the world has such expensive university education, and yet many have excellent institutions. It IS exploitative.

It's like the cost of healthcare in this country. It does not need to be that high! Other wealthy nations do it for much less.

But here capitalism rules, the federal government has very little regulatory control compared to other countries... and we are left with this. Very little upward mobility in an erstwhile upwardly mobile country.

So you're all right where universities want you, suckers: bickering amongst yourselves, and forgetting that you are all being exploited BY THEM.

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Only in the US would people compare a university education with a luxury car.[/quote]

Because only in the US do people feel entitled to the tippy top ranked universities for their kids, no matter what.  
Most of Europe is not attending Cambridge or Oxford for undergrad.  They are attending a nearby local university.  Their kid was "tracked for college" sometime around 12/13 yo and if they do well on the testing that day, they may not be eligible for a STEM major 5 years later.  Nobody is saying you can't get an education.  We literally have hundreds of great choices, many offering merit.  There are ways to attend college for minimal costs, you just wont attend a Top tier university.  Just like much of Europe does not attend a Top tier university for their undergrad.

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Perhaps what you are not quite grasping is that these lower-tier private schools with great aid or public universities in many states are still going to cost families $30k per year! And you act like that’s affordable!  There really aren’t “hundreds” of great choices for most families- it is often community college and then maybe two years at a public in state if there is one within commuting distance.  Their choices are much more limited than you insinuate.

And for the record, we ARE saving and hope to have the amount to cover 4 years of in-state for our two kids, but we are very fortunate to have jobs, and no significant medical expenses or special needs, that allow us to save a decent amount.[/quote]

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