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]

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
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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.

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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.

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it's a "morality statement" because most of you complaining are annoyed that someone making less than you is getting aid and you are not, from a very small, very elite group of schools.  The person getting full aid or close to full aid is not "just making 175K", they are likely living with under $75-80K as a family.  So you too could have chosen to manage with only $75-80K as your family income for 18 years and you too might just get a full FA package to Harvard.  But I suspect you realize nobody wants to give up the privileges and perks in life from living with 200-250K has meant for the last 18 years for you and your kids.

You are mad someone is "getting something" and you are not.  Yet fail to recognize how much more challenging their lives have been

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