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College and University Discussion
Reply to "Why do donut hole families"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My kids are young and DH and I got through all our education without debt, so I apologize if this sounds ignorant: Would a family that has a mortgage-free house (say it is worth $2m) and well-funded retirement accounts (say $3m between them) but little money in 529 plans, a brokerage account or any other liquid accounts get aid if their HHI isn't very high (say one of the two parents retired early 5 years prior to their oldest starting college, bringing their HHI down to $150k)? [/quote] No---you own a $2M home and have retirement funded. Not likely to get much or any aid. And really you should not get any. You can save for your kids education if you can have a mortgage free $2M home. [/quote] Listen to yourself. So they should have chosen to live in a shack just to qualify for FA? You're ridiculous. [/quote]
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