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[quote=Anonymous][quote=Anonymous][quote=Anonymous]1. We don't make as much as the salaries posted here.  HHI around 180k.

2. Bought a house for 400k, seven years ago.  Could have went higher, but we already survived the 2008 collapse in San Diego county.  We held on to that house for ten years after we moved so that we could make a profit.  We didn't buy in the bubble, but housing prices dropped there so drastically, it didn't matter.

3. Now we have two in college. We are able to pay for their tuition. It's tight, but we couldn't save 200k on our salaries at the time for future college expenses. So now we pay each semester as we go.

That's how many of us donut hole families are able to pay.  We couldn't save a full amount the last 18 years due to lower incomes, student loans, daycare, health care, etc.  So once we started making more, we bought less.  Right now we have no car payments, no student loans, and an affordable house payment. [/quote]

How do you figure you’re a “donut hole family” if you can pay cash each semester??[/quote]

Well my bank account is drained right now because I paid cash.  I'm not sitting on huge investments earning tons of interest.  I have to pay as we go. If we had overspend on a house or cars, then we would be taking out high interest parent plus loans.  We were not able to save enough to cover costs.  It hurts each payment we make. No financial aid, no consideration that I have a disabled spouse, and high medical bills.  Sending them to college without a loan is VERY difficult, and it's only possible by buying less than we qualified for, while working hard to increase income the last two years.  Even two years ago we could not have afforded college without loans.[/quote]

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