Reply to What is a "donut hole family"?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No, you nailed it. It’s people who have enough money but because of other choices they made, don’t have it available for other choices they wish they could make with respect to expensive schools. [/quote]

I'm a WUSTL alumna.  We make $250,000 a year as a household. We do not qualify for financial aid.  DCs could get into WUSTL, but there's no way we could pay cash  for WUSTL.  It's over $87,000 a year.  I don't know what "lifestyle choices" would have allowed us to pay for three kids to go to an expensive school.

It's fine. We have excellent state school choices available to us. [/quote]

It's all ridonc. The schools that were safetys for most of us are no longer for this gen. [/quote]

For a certain segment of the population, any financial issue is invariably a personal moral issue. (Your issue, never theirs)

It’s not that T20 schools now cost 2x the national median income just for tuition, wildly outpacing inflation. And it’s definitely not that they cost so much that even people with incomes in the top 1% have to now save huge sums for decades to afford it.

It’s your fault for not living like a monk for the last two decades and putting away any surplus money you have earned since you were an undergrad.

Your unexpected emergencies, sick parents, layoffs, companies going under, underemployment, disabled family members, the Great Recession, twins instead of a single baby, Elon’s layoffs, etc etc are all YOUR CHOICES, they don’t think there are ever any accidents, bad luck, or national economic issues.

Your lifestyle is entirely under your control, they say.

They got theirs and it must be because of their extreme virtue and brilliant choice making, which you could have easily done but stubbornly refused to.

Why should THEY care about YOUR financial problems? You’re stupid and unworthy and they are smart and deserving.

Oh but it is SO WORTH IT, half a million dollars for a Bachelors Degree, if you don’t spend it you are harming your child. You must give them the best, like we do, they say.

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