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College and University Discussion
Reply to "Cashing out home equity to pay for college"
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[quote=Anonymous]My parents took out a second mortgage to pay for my college (second of three kids.) I did really well in school and received increasing amounts of aid, plus my father's career boomed in his final years so it wasn't a burden to them. I did work study, worked as a waitress & at a Costco in the summers, graduated with loans as well and had a very keen sense of how much had been invested in getting me to where I was. I'm forever grateful to my parents; but I also know my situation was really, really lucky. I don't know if it was sensible for my parents or for you OP. One small piece of advice though -- before I committed to a school, my father went back to the school to ask for additional aid and they came through. I think it helped that I had received a better package from another school, and that he was in sales and used to pitching people! But it underscored to me that being proactive in these bureaucracies can sometimes pay off. Good luck OP.[/quote]
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