Reply to What is a "donut hole family"?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Typically a family that makes more than what qualifies for need-based aid but not enough *income* to pay tuition out of pocket without it having a huge impact on their lifestyle. Usually they don’t want to liquidate assets to make up the gap.[/quote]

Right, because it makes no sense to sell your house to send a kid to Harvard undergrad, when a mid-rank college is giving your kid a full ride merit scholarship.[/quote]

If it’s so obvious what they should choose, why are they so mad about choosing it?[/quote]

They are angry that college tuition has increased at a pace in extreme excess of inflation.  They are angry that the school that cost $8K in 1980 costs $80K today, instead of $30K (which is what it would cost had tuition increases kept pace with rather than exceeded inflation).

They want the best education possible for their kids because relative to their generation, their kids' generation is more likely to be shut out of purchasing a decent house, affording healthcare, having children, as the costs of those things have skyrocketed relative to everything else.  They want their kids to be ok and it's much much harder to position the kids now for that than it was a generation or two ago.

That's why.[/quote]

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