PLUS Loan vs home equity

<p>I didn't get a response to this question in an earlier post. Looking at 4.9% on my current home equity line of credit compared to a PLUS loan at 7.9% it would seem to be a no-brainer, but maybe some of you know more than I do and have a different opinion.

<p>I, too, use HELOC instead of student loans, but there is always the risk that the interest rate will go way up</p>

<p>In a previous thread, it was mentioned that should something go terribly wrong and you were unable to make the payments, you could risk your house, as opposed to your credit rating.</p>