Question by Jim: What is my best option for leveraging the equity in my home to finance my daughters college education?
Is it refinancing my 1st mortgage? Taking out a home equity line of credit? Taking out a home equity loan? Or none of the above?
Answer by Kaito the Grammar Nazi
How about letting your daughter pay for it herself? Colleges often have entire centers dedicated to putting students to work for money, and I think it gives them better appreciation for their classes if they’re paying for them.
Add your own answer in the comments!