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[quote=Anonymous][quote=Anonymous]Donut hole is like this - yes, middle class people making 200-300 K can in theory save enough for a few kids to go to "private" college (but considering their income, is it wise to shell out so much on undergrad for a private when the money can go so much further in other scenarios (such as choosing public for undergrad, then having more to help with grad school?).  It kills me when I hear parents say stuff like "grad school is on them" - I paid for Oberlin or whatever - and then they talk about how poor Johnny is and all of his debt.  Yes, I'll say it - you are screwing your kid if they come out of Medical or Law school with $200,000-$300,000 in loans, and god forbid you saddle them with big loans for undergrad.    You want to retire eventually right?  There is no shame in this sort of reasoning - I wish people would stop using the term donut hole to justify why they "can't" pay for this or that, and being so defensive about it.  It's a lot of money to shell out  and in most cases does not make sense if your means are limited in the long run.  Call it what you want, but practicality about college and grad school enabled our kids to come out of two top-10 grad programs debt free thanks to excellent grades, merit scholarships and some long term planning.  They listen to what their friends are dealing with and are very thankful to have freedom and flexibility in their life choices vs. being shackled with debt.[/quote]

Those are not middle class.  We make far less and have saved no issue. [/quote]

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