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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]I think it’s insane that our $250K family did not get 1 penny FA for a $60K/year school. We were also not always $250K family, we were closer to $160/year, then $180K for a few years. Plus the $250 includes one of us having 2 jobs. My H is a cop and I was a GS-13 most our lives so we could not really save that much.[/quote] It's absurd to characterize 250k families as privileged in 2023. After taxes, there is not much left.[/quote] But it's more absurd to characterize financial aid as a unique burden on you, when a $100K family is being asked to pay $20K. In both cases it's more disposable income than the family feels like they have, and is going to require either substantial loans, or changes in housing, etc . . . Plus the $250K family almost certainly has options that would cost them less than $60K, whether that's instate or schools with merit aid, whereas the $100K family likely won't have choices that cost less than $20K. So, one family is choosing between multiple schools, some of which feel too expensive, and others that are reasonably priced for them but that they like less, while the other family is choosing between schools that feel too expensive and no college at all. [/quote]
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