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Reply to "Why do donut hole families"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There is a big difference between a donut hole family that is right above the cusp of qualifying for financial aid and a donut hole family that is swimming in millions. A big difference. The ones just above the cusp, who perhaps sacrificed and saved for college, could perhaps be justifiably a little resentful of the ones just below the cusp... The ones swimming in millions don't really care about 25k a year here or there.[/quote] We qualify for some aid, but have an efc of around 40k a year. Now that fafsa ignores siblings, that turns into 90k for the two years they’ll overlap. I consider us to be donut hole even though we’ll get some financial aid[/quote] Something is missing here. FAFSA really governs the public colleges and the less competitive private schools. If you aim at those, you can certainly find ways to attend a school for less than $40K/year per student. If your goal is the top private schools, FAFSA doesn't mean much there (unless you are very poor and receiving Pell grants). They have their own ways of determining need and do take into account siblings attending at the same time.[/quote] Discounting siblings means that we pay full freight for overlap years at twice the efc that Fafsa says we can afford. That means elite privates using css and meeting full need or bust which is a massive amount of pressure [/quote]
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