Reply to Why do donut hole families

Forum Index » College and University Discussion

Reply to "Why do donut hole families"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]The family in my neighborhood that were poseurs bragged about saving zero for their kid's college tuition.  They had massive credit card debt, took $20-30k vacations flying first class, drive very high-end cars and were decked out in high-priced designer duds.

Their kid qualified for financial aid and they aren't paying a cent.

The responsible suckers that are scrimping and saving and pouring everything into 529s and miss the cutoff for aid are screwed when they can't afford the top 10-20 schools their kids get into and they watch kids like my neighbors get full aid.  This idea that donut hole families are just not saving is such cr*p, and in high cost areas it's even crazier to assume that. $150k for a family of 4 in the DMV is not much.  It certainly won't support the $75k-80k of any private, Ivy or out of state...and the $40k for 2 kids each at UVA is rough...that's if their kids can even get in there.

[/quote]

This post doesn't even make any sense.  If this neighbor family is so poor that they qualified for full ride (most students who qualify for financial aid have loans as part of the package, very few get enough need-based grants to cover everything) then if they are truly buying all of these things on credit they must be massively underwater.  It will all come crashing down eventually and their free-ride kids will not emerged unscathed either.  Be grateful you have more sense than that and move along.  [/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