Reply to 2025 & 2026 donut hole families

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What is a donut hole family?  High income nut no savings?[/quote]

Too rich to get aid. But not rich enough to easily pay $90k a year, especially with multiple kids. Usually live in high cost of living areas.[/quote]

And also made the choice not to save but instead increase their lifestyle as their income increased.  Because even in a "hCOLA" if you have been making $250K for the last 5 years, you could have chosen to save $20-30K/year, and likely for more than 5 years
[/quote]

This doesn’t get you anywhere close to affording private colleges at full cost for one kid, let alone two or more.

And of course you’ll say, “just go in-state public!!” Which, sure, but that’s kind of the point of the donut hole. It’s not that you can’t afford *any* college, just that you are priced out of some of them while others above and below are not.[/quote]

Actually it does.  We could "afford it" now as we paid off our house and we live way under our means as we haven't changed our lifestyle as our income goes up.  Would it be smart, no.  Does my child want to go to a school thats $90K, no, but some are $60K.  If you made lifestyle choices that are different, then don't complain of what you cannot afford when you choose a differnet path.  While you vacationed, we saved.  While you go out to $100-300 meals, we go to $60-80 meals.[/quote]

This 100%

Someone making $250-300K has either A) been at that level for awhile, so they've had the time to make choices and save for years and live within a budget that includes adequately saving for college, or B) was only making $100/150K and then has increased in say the last 5 years.  Well during those last 5 years you could have chosen to put all increases towards college savings.  Not saying that is a smart plan, but it's a viable choice if attending a T40 school that costs $90K/year is "important to you".  If it's not, then you (smartly I'd say) choose to send your kid where you can afford.  
But in reality you are arguing about being financially shut out of schools that are already highly rejective and have single digit admission rates.  Your kid is smart, and will do very well wherever they go.  [/quote]

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