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Author: 2gifts Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8178  
Subject: Re: Mortgage/Student Loan Date: 9/13/2011 9:40 PM
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have some savings/stocks, some mortgage balance. Should I pay as much as possible to the mortgage to increase my financial aid eligibility or save as much as possible to pay for my kid's college, which will be in 3 years?

Scenario 1: pay mortgage, then apply for big student loan.
Scenario 2: save, then apply for a small student loan.

Which one gives me better tax advantages? Also for student load, I heard that we can apply as parents or ask my kid to apply by herself. What are the pros and cons?


I'm very confused on what you are trying to accomplish. Is the rate on your mortgage more than you would pay on student loans? Why do you think it is better to end up with bigger student loans so you pay more interest?

I also don't think there's enough info here to help you.
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