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Take out a loan against your insurance policy

4 Ways to Finance College

Did you know you can borrow your own money?

If you have an insurance policy with a cash value (whole life policies are one option) or a retirement account (401K/IRA), then you may be able to take out a loan against it.

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You’ll pay a competitive interest rate (often lower than bank rates) and borrow anywhere from a set amount to up to 50% of some policies.

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