Well, after the good news (getting into college) comes the bad news (paying for college). I'm curious as to what people think about home equity loans as a way to pay for part of tuition expense.
It seems that home equity loans are tax deductible and usually at decent rates. We've got ample equity to work with in our house.
We aren't planning to borrow massively. Son will do the Stafford loan each year. Mainly, we are weighing the PLUS loan that colleges seem to push vs. a local home equity loan. Any thoughts? (I've been reading here for a while, great site!)