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College and University Discussion
Reply to "Donut hole reality "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That’s not donut hole. That’s a comfortable family. The rest of our kids go to state schools. [/quote] This. If you have sticker shock, but the ability to pay you aren't really a donut hole. [/quote] Ability to pay when that ability means constant struggle, isn’t really comfortable. Families with more than one kid and $250-300k don’t get financial aid. Paying $180-200k/year for kids’ tuition isn’t easy.[/quote] You save starting at birth, consider your spending and live way below your means. [/quote] We did. We can send both kids to in-state public university for 4 years with what is in their 529s right now...around $130-140k each. But not $360k each. Which is fine. We own two homes--just not selling one or pulling equity out. Building wealth requires choices. Solid in-state and then $ for a good grad or house downpayment.[/quote] And people seem to forget---your kid can earn $10K+ per year (likely $15K) by working during the breaks/summer and having a PT job (10 hours/wk) while at college. Do that and in-state is much more affordable. [/quote]
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