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College and University Discussion
Reply to "2025 & 2026 donut hole families"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What is a donut hole family? High income nut no savings?[/quote] Too rich to get aid. But not rich enough to easily pay $90k a year, especially with multiple kids. Usually live in high cost of living areas.[/quote] And also made the choice not to save but instead increase their lifestyle as their income increased. Because even in a "hCOLA" if you have been making $250K for the last 5 years, you could have chosen to save $20-30K/year, and likely for more than 5 years [/quote] I've done that and I'm not separating from this money when we can do college without separating from it. it would be utterly stupid when you have more than one child and are not wealthy. Save, save, don't gift it to a greedy overpriced college.[/quote]
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