The Motley Fool Discussion Boards

Previous Page

Financial Planning / Paying For College


Subject:  Re: refinance mortgage to buy prepaid tuition? Date:  1/28/2001  9:11 PM
Author:  3110Corp Number:  3398 of 8408

More info you may need: We would buy 8 semesters for each child (about $18,000 each). Total refinance would be for about $106,000. We have no other debt and enough savings that we were about to start investing. I think our monthly payment would go from $400 to $700+. It could be mananged on our budget, but would cut into the amount of savings we put aside.
Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us