Is this correct? Financial aid questions.

thumper1
Fri, 25 Apr 2008 08:10:40 +0000

Also, once you take OUT that home equity loan, you do have to pay it back. Factor in your payments. Most home equity lines (are you planning a “line” or a “loan”) require that you pay at least the interest every month. A home equity loan requires that you pay both interest and principal every month beginning when you take the loan. Do you want to pay the college or pay the bank??