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College and University Discussion
Reply to "where do highly academic $ donut hole students go? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Williams for us - pay $23k with $210k income. Pretty low assets (one govt employee and one assoc prof who rented forever). [/quote] Then you aren’t doughnut hole. It’s similar salary but with assets, including primary residence you can’t really sell, that make you ineligible for grants but unable to afford $85K a year.[/quote] +1 in DC area--$300k-450k is a donut hole family. 2 or more kids. SFHs run you $750k-2 million. COL is very high here. A lot of pricey private schools offer merit or aid for $200k-once you get to $300k forget it.[/quote] And agree the assets get you. Home equity, some include investment/retirement, etc. Which is why 2 families making the same $210k--one will get aid and one won't. The big spenders will get the aid and the smart and frugal that saved will get jack-sh*t.[/quote]
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