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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
Yep not F--King okay. Why should people both richer than my family and poorer than my family be able to afford it but not us in the doughnut hole. It is BS. I have twins at a local top private. One has a good shot at Ivy and the other a well known top 25. That is 150K a year by time they go. One more kid two years behind them. So for two years, I am expected to pay $225,000 a year? WTF? And we get discriminated anyway because we are Asian. Net worth is close to $2,000,000 (1.85 million). Income is $300,000. Of that net worth 1.1 Million is in retirement accounts. So I don't have the money to pay $900,000 for three private schools.

We have about $90,000 each for the older two and around $50,000 for the younger one. Another about $160,000 from selling two rental properties (doubly screwed because a lot goes to taxes--this is what the net is). We can get to around $400,000 total and can easily pay for in state in Virginia. But, why should my kids not have the right to go to the top schools? Because I am upper middle class? Those richer than us can do it and those poorer than us can do it. The whole system is out of order as Al Pacino said in Justice for All.

^^^
Touche'!    This whole "system"  needs to crash and burn, so hopefully, a better more equitable & meritorious one can 'rise up' to replace it. However the 'demand' for the top schools is so much greater than the 'supply' hence the change may not happen in our lifetimes. 
[/quote]

:roll:   The hole donut hole “concept” is just people who make plenty but can’t save and overspend to have a reason to complain.  [/quote]

It is a fact that the cost of college has outpaced inflation by a long shot.

The reason that the term "donut hole" came into existence and usage is that the rise in tuition costs has caused elite schools to become out of reach to families who are in a certain upper middle class income bracket.

You are not entitled to your own facts.[/quote]. My facts are that we are in the bottom of the “donut hole” and yet we managed to save for our children’s college education.  [/quote]

Those are your specific facts.

The increases in college tuitions have changed dramatically in the last few decades. It has made it much more difficult for upper middle-class families to pay for college. That is a fact. [/quote] Much more difficult, but not impossible and very doable.  There are many more trinkets and baubles around too.  [/quote]

Yes.  Much more difficult.  And for many, yes, inaccessible and not doable.  Because 10-20 years ago, we were not making donut hole incomes.  Because we had daycare expenses, nanny expenses, the crash of 2008.  And even if we didn't have any of that, if anything goes wrong (medical issues, job loss), or if there are circumstances that necessitate a conservative approach (a disabled spouse, an older parent close to retirement), then [b]elite schools are inaccessible[/b] ***in ways they were not a generation ago***.

It's great that you have been able to pull this off from the bottom of the donut hole.  That doesn't mean that everyone can or should be able to do that.  And that inability has nothing to do with trinkets and baubles and everything to do with the objective, data-supported difficult reality of the economics of [b]paying for college[/b].

^^^ Fact.  Not opinion.  Fact.[/quote]

If you want your facts to hold, you need to stop doing this slippery thing of moving from talking about donut hole family's access to elite, private schools with their broader ability to pay for college.   I think college tuition has risen too much, but nobody is owed an elite, private education no matter how high their SATs, GPA, income.  There's no data-supported evidence that your well-off kids will have worse outcomes if they attend the state flagship compared to the private elite (social mobility of ivies mainly impacts low income kids--most other evidence supports that it's the kid not the school that has the greatest impact) and there's no data-supported evidence that you can't afford to pay for that.  You can't always afford what you want, and sometimes institutions decide to give others things that you really want.  [/quote]

The above post relates to college generally.  Any college that a kid is qualified to be admitted to.

Your comments about the impact of elite schools on a person’s life, while accurate, do not speak to the dramatically changed economics of paying for college.  [/quote]

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