Use student loans or obtain home equity line? - equity loans
My employer pays my tuition, but remain eligible for student loans. Debate whether I continue to remove monetary loans to students to "use up" from my house, or simply a home-equity loans. I know that if I take out a loan, and if I can stay in school, you keep the loans deferred and only pay when I can, but a loan payment is now required. Moreover, if I have a bad time I had a forbearance request. Ideas?
Wednesday, January 20, 2010
Equity Loans Use Student Loans Or Obtain Home Equity Line?
3 comments:
Not a good idea .... Student loans Arent for something else, but the cost of education ...
Therefore, you will lie on your loan application that you need money for tuition fees if you do not pay fees.
Since your employer will only be refunded if the course can, this is really acceptable. However, if you get a refund, you can not deduct interest on their taxes and would be a fool not to immediately repay the loan.
They adhere to the line of credit and mortgages at all.
It is illegal to use student loans for anything other than school and related expenses.
Try a personal loan or a mortgage. There are several options with a loan only on their options at the bank.
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