Reply to What is a "donut hole family"?

Forum Index » College and University Discussion

Reply to "What is a "donut hole family"?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Nobody in their right mind thinks college cost increases over the past 25 years are not exorbitant.

and congress wants to put a cap on nurses pay, come on let's put some regulations around college costs.[/quote]

I don’t disagree with you, at all. But I still don’t believe there’s any such thing as a donut hole family. [/quote]

Anybody making $150K HHI will not qualify for aid, so explain to me how a family of 4 saves $400K to pay for college?

Assuming they make $70K HHI at 30 and by the time they are 45 they make $150K[/quote]

By making it their top priority and living modestly in every other possible way. If they don’t want to do that, they can use publics. [/quote]

Can you write out the budget for me?

[/quote]

Sure. You start by making $70k. You progress to making $150k, with fairly modest raises each year. [b]You keep your expenses constant as they were at $70k.[/b] Just did the math in Excel and by simply doing that, not even investing the difference in 529s (which of course any sane person would do) it's over $430k after tax. [/quote]

Keep expenses the same over 20 years...like groceries? Real estate? Taxes? Gas???????[/quote]

You continue to live the same life style.   Yes, there is inflation, but you don't switch to more expensive groceries,  travel, cars, etc.  That is how we did it.  People are unreasonable with high incomes to expect aid.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics