I have thoughts about the donut hole. Your child will have many more options than those whose parents have more modest means. Yes, their EFC may be lower and they may be eligible for more need based aid but that probably will not improve their ability to afford elite schools and you will have far more affordable options than most of them. The majority of very low SES students do not get accepted to very elite schools and those that do may benefit more than most. Your child has tremendous grades and test scores and your financial situation will allow them many tremendous choices. So long as you know what you are willing to contribute, you and your child can be satisfied knowing they will have great options and that you can afford it financially. Count your blessings and don’t dwell on what is unattainable. Good luck.