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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The donut hole is a myth that poor savers tell themselves.   Decisions have consequences. Buying a larger house or nicer car - spending more for vacations and fancy summer camps are all decisions.

College costs are not unexpected.  You have nearly two decades to save.

Plus, you don’t have to save for the most expensive college.  All of you who consider yourselves middle class- that means kids stay at home and go to college or they go to an instate college. That is what middle class parents have done for generations. Paying the full amount for high end tuitions for private schools are for rich families not yours.

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You cannot compare the cost of college now to previous generations.  In state in VA could mean saving 130k or so per kid. All this bickering and the issue is that college prices are insane.  It used to be subsidized more by the state so that in state meant savings.  This is not necessarily the case anymore. But instead of focusing on this, people like to create this class conflict. [/quote]

Many of us donut hole families were poor when we started our family and, in my case, only recently became a higher earner (in fact, four years ago we had to take out a 401k loan because we were struggling).  We were only able to save about $20k for our older children, but now that we are making more money we are regularly putting away money for our youngest.  We still live in our starter home and don't take extravagant vacations or anything.  Until a few years ago, we were also paying for my MIL's care in a nursing home.  So, not all donut hole families are alike.  My older kids will be/are attending OOS schools that offered merit.  Expensive schools were not off the table when they applied, but it definitely would have been more difficult to afford out of pocket.[/quote]

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