Plus loans vs home equity/mortgage loans

thumper1
Sat, 24 Apr 2010 20:33:27 +0000

We did the same type of cost comparisons as Calmom. However, in our case, we didn’t have the money “upfront” to pay for the full term, but we DID have it monthly. We opted for a tuition payment plan that divided the money we had to pay to the college into 10 equal payments. ALL (read that ALL) of my paycheck went into one account…and it went out of the same account auto withdrawal each month to the tuition payment company. This worked for us in lieu of taking a loan each year…and having to make payments on that.

I’m happy to say…we have finally made our LAST undergrad payment…WOOHOO. You’ll get there too.

Anyway…if it’s a matter of not having the money to make a full term’s payment up front…but monthly you can do this…check your college website to see if they participate in any of the tuition payment plans…most do.