Does anyone actually pay full price for expensive private colleges?

cptofthehouse
Fri, 11 Jun 2010 12:12:50 +0000

Not quite right. If you have $100K in home equity and borrow $5K, you now have $95K in home equity, not $100K. IF the value of houses has risen, the proportionate increase will take into account that you have borrowed $5K from the fund. Some folks say that if this is a real sticking point, to borrow the whole danged thing and pay off something else that isn’t going to show up on your financial aid statements like your cars, other bills, get some things you have been wanting.

These days, you can get those home equity figures down low the way home sales are in many areas.