Paying for college
Hi Terry
Would it be worth it for me to borrow money from a home equity loan or line of credit and put in my daughters bright directions account then I get the tax deduction from my I’ll state taxes at the end of yr.
thanks
Terry Says
Absolutely NOT. Keep your home equity safe. The Bright Start program is an investment program, with risk. Put as much in as you can — but your home is more important than your daughter’s education. Really. You’ll figure out how to pay — and what to pay for — when the time comes! Please see my current column on college at my website.
