Reply to 2025 & 2026 donut hole families

Forum Index » College and University Discussion

Reply to "2025 & 2026 donut hole families"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[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]

Since when are you "entitled" to attend any college you want?  Just like anything in life, you only purchase what you can afford.  There are literally 95% of colleges that will be "affordable to you" So yes, do in-state or privates that give merit.  Don't expect others to pay for your education just because.

So you are "priced out of some". I am a fan of BMWs, but until I can afford to buy one and be financially sound, I'm not spending $75K+ on a vehicle when I can buy a Honda that is more reliable and does the same job for $35-40K.  Just because I want it doesn't mean I'm entitled to get it unless I find a way to afford it.  It's not your job or anyone else's job to get me a luxury car.

And most likely if someone went from $250K-700K, they could afford to save a lot more than $30K/year.  They could probably have been saving $30K/kid/year.  And yes, if you make even $250K, you should plan to save to pay for your kid's college because you are in the top 7-8%.  Or if you don't want to pay, then you search merit. You can still do that, and get college down to $20-25K or less very easily (if your kid would be able to get into most of the $90K schools that actually meet financial needs, your kid will get amazing merit at most schools in the 40-100+ range.

[/quote]

Where did I say anyone was entitled to attend? The donut hole is just a definition (that many of you don’t seem to grasp), not a morality statement.

Some of you are funny. You read things in comments that aren’t even there. It’s quite telling.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics