[Suzanne Oldham – Ambassador]

I often wonder the same question. We have borrowed to pay for college tuition as the home equity APR is lower than any loan we could have secured toward tuition. I am not sure it is a great idea but we hope that the house continues to appreciate and we won’t regret the choice.

[Stacey Daprile – Ambassador]

Suzanne, I have a number of friends that have taken your approach and used equity for college tuition. I don’t know that any of my friends regret their decision. The timing of the unexpected sale of our home compounded the issue for us. That home today is worth much more today than when we sold. That being said I wish we had taken a different approach. Live and learn!