Reply to What is a "donut hole family"?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Nobody in their right mind thinks college cost increases over the past 25 years are not exorbitant.

and congress wants to put a cap on nurses pay, come on let's put some regulations around college costs.[/quote]

I don’t disagree with you, at all. But I still don’t believe there’s any such thing as a donut hole family. [/quote]

ok. How does a couple married at 26 with student loans and earning 200k by the time their oldest is in college, but whose earnings were closer to 100k combined for most of the kid's life (i.e. reasonable salaries outside of high COL cities) afford an expensive college? The family never would have earned sufficiently to save enough, but they don't qualify for aid. There is nothing right or wrong/moral or amoral about it, it's just a financial status [/quote]

If they had stayed in the home they could afford at 26 they would have the ability to save. I mean that’s literally me (admittedly we married at 27 not 26 but otherwise). No upgraded house. 10 yr old cars. Modest house with no guest bedroom. [/quote]

You mean rent, no. That is terrible advice since most rent and mortgage is the same.[/quote]

??? No I don’t mean rent. We got married at 27, saved for a couple years to get into a house with PMI, and are still in that house (obviously no more PMI). [/quote]

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