Should You Get A Second Mortgage To Pay For College?
By Gretchen Brown, Next Avenue Contributor
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Julie (who prefers to use a pseudonym for this story), 54, wants to get her daughter through college without incurring any student loans for the $30,000 annual tuition. So, she helped fund her daughter’s freshman year by taking out a kind of second mortgage — a home equity line of credit, or HELOC.
“I think [high tuition] saddles young people with…