Reply to How do most middle to UMC families pay for college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Life in the donut hole is brutal. Oldest went to Honors College at state flagship (small scholarship), second went OOS with large merit scholarship.  Who knows what the third will do.[/quote]
The donut hole is a myth created by parents who did not plan well. College isn’t exactly a surprise.  You have two decades to save.

It’s the same for retirement. [/quote]

This gives into the myth of it all - that the income level of families when their kids go to college was the same or equivalent when that child was born.  The system does not account for upward career and financial mobility of families and relies on a snapshot of current income and assets.[/quote]

This!! When our only child was born, we made 60K combined. Our upward trajectory has been very staccato. And of course we were and are way behind to have any kind of a decent retirement. I wish there were an 18 year look back… it’s fine, we’ll figure it out, but it is so odd and unhelpful that they assume that you have been making your current income for 18 years, and thus could have been saving the staggering amount of money needed. We absolutely could not have. [/quote]

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