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Look at your home equity
Now, depending on the school your child has chosen, you might be covered by the time the government sponsored loans are approved, if so… congratulations! But for the rest of us… it’s only the beginning of filling the gap. First step, look at your home equity.
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If you own your home, the equity you’ve built up could help meet the tuition payments at a reasonable interest rate.
You can take the money as you need it and can begin repaying it right away… now you have effectively turned your house into a credit card with potentially tax deductible interest.
