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Reply to "Pay off home equity loan or contribute to college savings"
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[quote=Anonymous]If your income is low enough to qualify for fafsa help, then pay off the home equity loan. If your income is high enough that you're not likely to qualify no matter what, max out I bonds for the next two years (including tax refund if you can) and then put excess money into 529s. The reason I suggest I Bonds over 529s is that the only sufficiently conservative investments likely to be available in the 529 are short to intermediate term bond funds which might take a bit of a beating going forward. Some 529s might give you access to CDs that will have a fixed interest rate but I Bonds will adjust to keep up with inflation. [/quote]
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