Reply to Donut hole reality

Forum Index » College and University Discussion

Reply to "Donut hole reality "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]There is a group on the donut hole threads that always join in and shame people for not saving enough for their kids’ college. They “claim” that even if you have special needs kids and parents to support and other specific high expenses, you should still somehow have been able to sacrifice enough to fully fund college for multiple kids on $150k per year.

First, I question the math, second at $150k hhi they will get significant aid so their point is moot.

But the real point missing is opportunity cost.  What alot iof us are trying to say is just what are you sacrificing to get to that savings??  For us, it would be trips to see their grandparents far away. It would also be funding our retirement adequately.  And what are the other financial tradeoffs you are making by “investing” an extra $50 to $60k per year in a private school vs a starter home or roth for your kid?

It makes more sense to save enough for an instate price and then by some miracle if we have extra, it be invested for their future. No way a private vs public degree earning premium  will outpace the stock market or real estate.
[/quote]

Here's the problem. People who can afford full pay are complaining that people who earn less and need aid should give it up for them because they didn't save. No one is shaming you for not saving, but you can't then cry foul because you, on your generous salary, can't cashflow private college cost. And, by generous, I mean over 250k, usually 300k+.

I have seen no one claim what you suggest. People on 150k qualify for aid at top schools. Even 200k.  The notion that people are claiming to save enough for full pay is a false statement. Nobody said that. Many of us have said that on 150k we get decent FA. We also saved enough to cover the rest, even on less than that amount when kids were younger. I've said several times that people with additional expenses,  especially family healthcare, will get aid at top schools. I just helped a family on 250k/yr do this.

But, sure, attack those of us who make 150k, get some FA and save for the remainder. Because the wealthy are the real victims here.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics