Use savings, get loans, or do both?

Kdog044
Tue, 10 Apr 2012 15:01:40 +0000

njfootballmom:

We didn’t take any PLUS loans or anything because I can’t see the advantage. I’d rather risk using home equity line of credit at this point, unless I see signs of interest rates climbing.

That’s all well and good assuming you have the equity. If you are one of the unfortunate few like us, the housing market spiraled downhill after we bought ours and the house is worth $70K less than what we bought if for. Some of us take the PLUS loans out of necessity.