Reply to Are privates that don’t offer merit aid still enrolling the best students?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why does this thread feel like sour grapes for those who can not afford to attend the Ivy they are qualified to attend?
Ivy level schools will not ever hurt for students of the highest caliber. There is way more qualified applicants than seats at those schools. If your child can not attend such a highly rated school that is fine and your child will do well wherever they attend but the T30 schools will still have an overabundance of the top qualified students to choose from. Parents have always looked at their children with bias thinking they are more unique than they really are.[/quote]

+1000

There will also be "donut hole" families who have managed to save/make saving for education a priority.  Schools like Harvard make it affordable for families making up to 150-200K.  So while your family making 150-200K may not choose to save, there will still be plenty who do, so it will not be all "low income" and wealthy students.

Then again, it's the wealthy students who largely have the means to do the pointy ECs and win national awards, and have tutors to take 13+APs and still get all As.  So the wealthy have an easier path to "having the resume for HYPSM[/quote]

Oh please. Not all donut hold families can save $80/year per kid. Esp in high COLA areas where their jobs are. Between medical, taxes, child care early on, expenses associated with school, car payments (on very basic cars, no suburbans or Teslas here), mortgage (still in our starter home). . . . it's just not possible for two stable paid, but not wealthy, civil servants (non-SES).

So it is sour grapes. That doesn't mean that those families, like us, are wrong. [/quote]

This. In Fairfax county, teacher and police officers are donut hole. [/quote]

Can someone put a $$$ amount of income that they define as donut hole?

Go to any Ivy League expected cost calculator.  Input a $300k income with $100,000 in a 529, $100,000 in house equity, etc....and every school says they will give you like $25k-$30k (Princeton was highest at like $40k) per year.  That is if you only have 1 kid attending...I assume they will give you more with multiple.  Again, if you are getting a free ride vs. even a net cost of $50k you will probably take it.

How much do two Fairfax county teachers make?  More than $300k?

Are the expected cost calculators lying, or are people defining a donut-hole income as something very high...where no one else would ever define it that high.[/quote]

The people who call themselves donut holes are firmly in the top quartile. This is a group that is over represented at top schools. I’ll take the individual at their  word—the price is to high—but for every family saying that, there’s a family with the same finances who is ready and willing to pay.[/quote]

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