The Motley Fool Discussion Boards
Financial Planning / Paying For College
|Subject: Paying for College and Aid||Date: 2/24/2013 2:04 PM|
|Author: imbt68||Number: 8020 of 8301|
I have 3 kids a senior a junior and one in middle school. each have nominal amounts in a 529.
I have alot in my 401k but don't want to touch that and I have my home almost paid off.
I want to refinance and take $70K out for each of them before the rates go up which i think they will by next year.
Should i put this money in a short term investment account or park it in a 529 for each of them locking in current tuition?
Will having liquid cash affect financial aid?
Is it better for them money to be in my name or theirs?
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|