Reply to What is a "donut hole family"?

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Reply to "What is a "donut hole family"?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Could someone please explain, because it sounds like people with nice resources feeling entitled to more than they can afford.[/quote]

It is people in the 25%-10% percentile in family income distribution in the USA, or especially in the major metropolitan areas.  Those families can afford 1-2 kids going to in-state universities at full pay, but would not be able to pay (without selling chunks of their house value etc...) the private pay tuition/board at $80K/year for 1-2 kids, but whose family income is too high for any need-based aid from financial aid programs (either federal or from the university) but who are by definition solidly upper middle class and so aspire to the same colleges as the 10%-1% families and whose previous generations WERE able to afford to be full pay and private colleges in the USA but are now priced out due to the over-inflation of tuition compared to income growth over the last 30-40 years.[/quote]

What further complicates it is that FAFSA doesn't care whether you live in the DMV or Mississippi.  Your housing and other costs are irrelevant.

In high COL areas, it's even difficult for people in the 95th percentile in family income to pay multiple tuitions of $80K/year and rising.[/quote]

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