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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]People who claim donut hole and are angry that they only have 130k in an account —are you also stomping your feet that you can’t afford the 2M mansions in the other town? Do you ping away at what you cannot have? Or are you happy that you have a good home in a solid town. Because you are indeed able to afford a good education via state universities. I swear college admissions is the only area where this nonsense comes into play. For everything else in life you buy what you can afford in your budget and move one. Why do you think you are entitled to a high priced private college. You have 100s even 1000s of colleges available to you via public universities. [/quote]

It’s because so many selective colleges have policies where incomes under $150k students can attend free. Or under $200k, students qualify for need-based aid, and so on.

“Donut hole” (terrible name) is this window of income that puts you above need-based aid, but not enough to save as much as you’d had hoped.

The people who use the term tend to be jerks so it’s understandable why they’re disliked so much, but so many regular people fall into this category. They are stretched with housing, retirement, elder care, college savings, inflation and on and on. And yes, our kids end up going to public colleges or community schools, and doing ok. But, as a policy matter, it does sting that someone earning just a bit less than you qualifies for aid.  I know there’ll be someone who says “well then earn less!” 🙄 there’s always a rebuttal to everything, but that’s the honest answer. 
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It’s about lifestyle choices.  Two families on the same income and one chooses a million dollar house and one chooses a $400k house.  The million dollar house family with more kids should not get rewarded for their poor decisions.  [/quote]

We picked the 400k house. We still couldn't pay 85k/year times 2 for college. Or I guess we "could", but it would be a financially stupid decision![/quote]
Same here but I guess it makes people like the PP feel better to make these assumptions. We are not going on fancy vacations and we settled for a 2300sq ft house. Still couldn’t pay full price at privates. [/quote]

In 1980 the median size for a new home was 1600 sqft.
https://www.thezebra.com/resources/home/median-home-size-in-us/[/quote]

This is a little silly. We rented a 1800 soft home somewhere ultra desirable that would have cost 1 million to buy. We bought in a burb, 2400 sqft, for 420k. Size is only a small part of it.[/quote]

I'm one of the ones that saved 500/month. We lived in 1300 sf for 12 years. Would have loved to have 2400, that would have been spacious! But we decided to save for college, fully fund it, and we did. Now we've upgraded to 4000 sf. We made a plan and stuck to it. But yup, keep whining 2400 sfooter.[/quote]
I’m not the PP but I didn’t get that PP was whining at all.  You sound like you have a chip on your shoulder. Stop making assumptions about people whose choices don’t mirror yours.  Geez[/quote]

That's the problem.  People are making choices to live more comfortably and then want others to pay for their kids college.[/quote]
I think people are lamenting that costs have gotten astronomical not that other people aren’t paying for their kids to attend college. Again your angry seems misplaced.  [/quote]

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