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College and University Discussion
Reply to "Best strategy to pay college for 3 kids"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]1. I can't work out the timeline. You should have sold the rental and paid down the mortgage on primary for best aid. You could do that this spring for FA forms next year, but not sure that's helpful. 3. All three kids should be taking the guaranteed student loan. They can take 5-7k (ish) per year which x3 is not nothing and is totally reseanable for kids to graduate with 25k ish of debt. All of this times 3 matters.[/quote] Selling is not an option at least this time as the we have lease agreement that is why considering loan/refinance. They are taking max loan allowed and that help reduce the tuition a little bit.[/quote] if you're willing and if the numbers work, would you be willing to trade some/all of the rental for college? if so, take HELOC on house and rental. then when lease is over, sell house and pay off those two loans[/quote]
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