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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.

[/quote]

I actually agree with you. So background, we have $250k HHI, $3M investment portfolio, house paid off.

Yeah, we can afford any college. Probably. For three kids though??

And is private or out of state worth it? No, I don't think so.

If we made $600k, that would be a different story. If we had $6M in stocks instead of $3M, that would also be different.

So I think we've made decent choices along the way about cars and houses and whatnot. But I consider us donut hole because we're too wealthy for financial aid, but not wealthy enough for a $350k undergraduate degree to be a drop in the bucket. [/quote]

Bad example. $3m will turn to $2M after you pay for 3 tuitions. That’s hardly a hardship.

For your income to drop so low, one of you is SAHM or has a passion job, right?[/quote]

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