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[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]

I think it is a combination of things.  There is a general idea that as a parent you can’t provide/have the same security your parents did even doing all the right things.  You don’t work for the same company for 30 years and have a guaranteed pension.  Now you have to be a savvy investor and put away money in 401K and hope to retire at 60- both are skills/mindset that your own parents might not have passed on to their kids.  Even with saving for your kid’s college, I will tell you my parents didn’t save for college and you can’t assume even at non-DCUM middle class across the US that a family has saved for college.  I agree with the poster that said the reality for many today  is living at home and going to the state college or starting off at community college because even the 25-40K per year per child with room and board isn’t realistic for everyone.

So to say, hey simply by not going to Starbucks and driving a 10 year old car you can save $650,000 to send two kids to any private college while living in a high cost of living area while fully funding their retirement - BFFR. Can people do this from straight saving - without being a good investor (whether real estate or stock/bonds/) without any inheritance/help from family, and potentially having financial setbacks (unemployment, divorce , health issues, special needs with kids) -maybe.  But it’s crazy to pretend it’s obvious and easy - especially when someone doesn’t come from a background where that was expected and done.  So my kids are not applying to a top 25 and they are looking at in-state public and out of state public and I’m fine with that.  I like the donut hole discussions because then you know at what income level that you aren’t likely getting aid so you aren’t surprised and can plan accordingly when looking at colleges.[/quote]

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