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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We're a donut hole family with a kid who chose UVA instate over several top15 schools.  We have HHI of $390k+, 3 kids, reasonably expensive primary residence thanks to property appreciation.

Schools like Penn and Northwestern gave us zero aid outside of the $5k of unsubsidized loans.  We applied for aid and the cost for either was going to be roughly $95k.

There are many, many, many families like us in NOVA. We could spring for the $95k/year but our kids have thoughts of graduate or medical school. Why spend $400k for undergrad when we can save it for later costs (and subsequent kids?)

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You are not a donut hole family. $390K puts you in the top 2 percent. And some of the Ivy League schools exclude home equity when determining FA eligibility.[/quote]

I would say that $390K is donut hole in the DMV.  HOWEVER--that is not point at all. The point being that many of don't qualify for any financial aid from the Ivies, etc and yet don't comfortably have $400K to spend per kid for undergraduate tuition and even if we have it, we personally don't see the value in spending it over the cost of UVA given our kids' career goals, graduate school goals etc.

If you have the $400k and want to spend it, more power to you and I totally get it.  But many of us have kids who had "better" options--including Ivy league options-- and didn't take them because we don't have the money or didn't want to spend it in this manner.  
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