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[quote=Anonymous][quote=Anonymous][quote=Anonymous]People who claim donut hole and are angry that they only have 130k in an account —are you also stomping your feet that you can’t afford the 2M mansions in the other town? Do you ping away at what you cannot have? Or are you happy that you have a good home in a solid town. Because you are indeed able to afford a good education via state universities. I swear college admissions is the only area where this nonsense comes into play. For everything else in life you buy what you can afford in your budget and move one. Why do you think you are entitled to a high priced private college. You have 100s even 1000s of colleges available to you via public universities. [/quote]

It’s because so many selective colleges have policies where incomes under $150k students can attend free. Or under $200k, students qualify for need-based aid, and so on.

“Donut hole” (terrible name) is this window of income that puts you above need-based aid, but not enough to save as much as you’d had hoped.

The people who use the term tend to be jerks so it’s understandable why they’re disliked so much, but so many regular people fall into this category. They are stretched with housing, retirement, elder care, college savings, inflation and on and on. And yes, our kids end up going to public colleges or community schools, and doing ok. But, as a policy matter, it does sting that someone earning just a bit less than you qualifies for aid.  I know there’ll be someone who says “well then earn less!” 🙄 there’s always a rebuttal to everything, but that’s the honest answer. 
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So instead of focusing on all the advantages you and your kids have had in 18+ years because of you"earning more" you focus on--"it's not fair, they are poor and get more help".  Fact is it's only 25-30 colleges that provide "nearly full tuition/R&B" for those with need.  Outside of that, the majority of the "below donut hole level" are attending CC and then onto local 4 year---by local I mean they live at home to save on R&B. or starting at local 4 year.  But the dream of going away to college for 4 years to anywhere that isn't in state is simply not on their radar.

Fact is universities can choose to admit and provide aid as they see fit.  Majority offering great FA are Private universities.

Fact is most of these universities are Highly rejective, rejecting 90-95% of those applying. So the odds of your kid getting in were slim to begin with.  So stop being entitled and find a great college that is affordable.  My "high stats kid" (1480/3.98UW)  got into 2 Top 50 with merit that Brought cost down from $80K+ to about $40K.  You don't "have to step down much" to get the merit/aid.

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