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College and University Discussion
Reply to "Why do donut hole families"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Complain about being a donut hole family? When there are thousands of colleges that could work between in state options and merit aid at lower tier privates and other oos public’s?l is it bc ivies and top 25 are not options?[/quote] Its because their kids don't get judged on their ability but on their parental assets and can't attend schools they are eligible for or want to attend. Unless parents are willing to sacrifice their hard earned savings and risk retirement , kids often can't afford anything but community college or some regional state campus with merit.[/quote] A true donut hole family should be able to afford $20-30K/year with savings and cashflow. That's well more than CC. Plenty of choices if you just try rather than complaining "we can't afford anything"[/quote] You still don't get it. Imagine a brilliant STEM student who already got into Stanford or MIT. But they end up going to a much lower ranked school ONLY because their family is too "rich" for FA and too poor to pay full ride. There's something wrong with that picture.[/quote] There is absolutely nothing wrong with that picture. What exactly is the problem? This is adulting. We all have to make choices in regards to what we can afford and what we cannot. Nobody is entitled to a discount for a crazy expensive education. [/quote] Nobody is saying they are entitled we are just pointing out the system is broke. It doesn’t make sense if the mom quits her job a child will have better college opportunities . Just like it’s insane that a child can get FA if her mom doesn’t marry but the minute she married the new h’s income makes it impossible for her to get FA. A child can be a junior rising in college and have to leave college because mom got married.[/quote] +1. Also, there's something broken about a system where each generation has to pay higher and higher costs for a college education, while simultaneously having to save more for retirement because we are living longer, there are fewer employer pension programs, and medical costs keep rising too. My parents grew up at a time where working summers, and maybe part-time during the school year, would pay for that year of college. Now you really have to be perfect- there isn't room for you yourself making a poor decision to take out loans at 18, that will carry over well into your adulthood and affect your ability to buy a house and save for your own kids. There isn't room for an unexpected expenses that will drain your savings. Heaven forbid you take a vacation. All must be sacrificed to afford college now, and apparently as a society now we've decided that's A-OK. [/quote]
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