Reply to What is a "donut hole family"?

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[quote=Anonymous][guardian][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]new poster here

Wow.  I thought we were a "donut hole" family but I guess not.

What is a step below "donut hole" called?   We make too much to qualify for aid, but paying for an expensive school would involve far more than "liquidating assets."  It would be more like taking on a second full time job, skipping at least one meal a day,  absolutely zero entertainment budget (not even cable tv or netflix) etc.[/quote]

Well, there is this thing that you had 18 years to save for college. Which is what most people do.[/quote]

You're assuming stagnant incomes. We have a HHI of about 225k and one in 7th and one in 8th. Three hears ago HHI was 150k. When the kids start college it will be about 250k if we continue on the same track. 160k a year in tuition is both not possible and not a number that we ever could have saved for on our incomes. [/quote]

[b]It's also laughable that PP thinks "most people" save for college for 18 years.  I mean, GTFO.[/b]  [/quote]

Just because you didn't  save, doesn't meant eh rest of us haven't.  We have a $160K or so income, much less just a few years  ago.  We saved starting at birth.  You live in a cheap house, no fancy groceries, very few vacations, old cars... [/quote]

Most people that plan to send their kids to college start saving at birth. If you haven’t been saving for 18 years, you shouldn’t be complaining that you aren’t getting financial aid. People on this board outraged that they don’t get financial aid is what is laughable. You made the choice about your priorities for the last 18 years. Sorry your kid has to go to UVA rather than Tufts. They will survive.[/quote]

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