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[quote=Anonymous][quote=Anonymous]I’m a donut hole family. Just above the cut off. So right on the lower edge of the donut. I don’t have easy solutions for the problems of paying for higher education. I had loans and my kids will have loans. They won’t be going to or wasting time applying to schools I can’t afford. Ivies are out regardless of their abilities. Why get in if you can’t go? I refuse to let them go into that much debt. Also I don’t actually believe the Ivies are good value. They aren’t for people like me.

I feel I should be clear here - this whole entry isn’t a complaint. Schools are free to draw the line on need based financial support wherever they like. Nevertheless, they may find that 90% of all applicants are very wealthy or very poor. They may find the student body is therefore less diverse and less capable of mixing than if they had a student body that included middle class kids too. But, again, they can make their own decisions. I’m happy enough with our state school options. They are probably happy with lines of people waiting to pay full price for the prestige. [/quote]

+1.  Similar situation here.   I’m definitely going to take a different approach with my kids than my parents did with me, they encouraged me to apply to a lot of private schools we couldn’t afford and then co-signed private loans so I could go to one (I got a scholarship and sone need based aid but not enough).  My kids will know from the get-go how much we can contribute per year and if they need to take out some federal loans to go where they want, that’s fine. But nothing beyond that- no private loans, no parent plus loans.  [/quote]

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