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College and University Discussion
Reply to "2025 & 2026 donut hole families"
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[quote=Anonymous][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] Many of us have lower incomes and in high cost of living areas. It’s lifestyle choices. It’s insane someone in a million dollar house making what many do feel entitled to aid when the rest of us live poorly to save. [/quote] “Living poorly” to be able to be full pay when you would otherwise receive aid is a lifestyle choice. And not a particularly good one.[/quote] [b]There is no guarantee for aid[/b]. We will be retirement age when ours go to college. One parent has health issues. It’s very much a good choice [b]as I'm not doing loans.[/b][/quote] Then you’re pretty much a donut hole family. Yet you’re on here railing against the concept for some reason.[/quote] DP: because the PP is smart enough to realize how PRivleged they are, and they don't expect someone to just "give them money for college". You are literally arguing about 30 or so schools that cost that much that even given Financial aide up to the "determined level of need". Outside of those schools, most do NOT meet financial need. But many outside will give your top student a lot of merit making that school ranked 80th very affordable. Also, the odds of your kid getting admission to one of those T30 schools that "meet financial need" is extremely small. So your efforts would be better focused on schools where your kid can gain admission AND you can afford. Just like everything else in life. There are 2000+ schools where your kid can get a good college education, so don't focus on the Top 30 and complain you "make too much to get enough aid" when you make in the Top 5-7% in the country. It's a problem many people would love to have [/quote]
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