Has anyone thought about prepaying future tuition?

jazzymom
Tue, 30 Sep 2008 00:59:13 +0000

WUSTL also offers a pre-pay option that locks in the tuition rate as it stands freshman year. You can spread the payments out over 10 years.

[Partners in Education with Parents (PEP) Options](http://sfsweb.wustl.edu/sfs/parents/financing_options.aspx)

We decided to do it and borrowed against home equity (which had risen a lot in CA). Costwise, I believe it was a wash (savings on tuition increase versus cost of home equity loan) but you also have the advantage of the tax deduction and 10 years to pay off the expense.