Reply to What is a donut family? A donut hole family?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
Can someone please properly define what  a "donut family" and a "donut hole family" are?[/quote]

Families in the top 10% of household income earners nationwide, who are butthurt that they don’t get need-based aid at elite private colleges that cost the same as what the national median HHI is per year. And while they are wealthy enough to have given their kids almost every advantage, are mad that they are not wealthy enough to have no problem paying 240k+ over four years for just one kid—without having that cut into their current lifestyle/being able to max out retirement contributions/not able to take that 10k+ yearly vacation, etc…

Another requirement of being a donut hole family not ever even considering loans. They either just suck it up and pay full price, or tell their kid to go to some other school that is somewhat cheaper even though it kills them since it’s only a T100 and not a T50.

Tl;dr. Families better off than 90-95% of every other household in the country, but still think they should get need-based aid since they’re not “rich”.  :roll: [/quote]

Donut hole is a euphemism for UMC families who have money,  BUT don't want to spend it on MSRP tuition at top private colleges.

A whiny cohort, especially on DCUM.[/quote]

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