Only yesterday, it seems, they were learning to
read. Now they will be packing the car for college.
It's an exciting time for them. But
for you, it's all about cost?
· tuition
and fees (due at the start of college)
· books
and lab fees (at beginning of each class)
· monthly
housing and food (monthly or annually)
· recreation
(as needed)
· transportation
(as needed)
· trip home
for the holidays (coming up)
We have a solution. Use
the equity in your home to pay
college expenses as they occur. And while
you're at it:
· fix up
the room that is now empty
· consolidate
some bills
· finance
the car your child will be using
· you decide:
________________
Using your home equity as a
"College Educator" lets you finance
college expenses and other projects as they occur.
Instead of borrowing the full
amount for college, simply use your "home
equity line of credit" to advance
the funds you need.
You will pay interest only on the amount you borrow,
which interest cost may be deducted from your taxes
if you qualify. You won't find
similar benefits with other college funding loans.
Consult your tax advisor for information —
we have an effective interest table at our affiliated
site that illustrates your potential savings.
You can use the line whenever you need. It's like
becoming your own banker. Simply
advance money to pay for college expenses ... when
you need ... as you need.
- Start with an approved home
equity line of credit account from a lending
institution (we can help
find your lender).
- Access and transfer an advance
from your equity line account to your joint
parent / student bank checking
account.
- You and your student can use
the bank account to write unlimited checks
for any amount to:
| · |
pay tuition |
| · |
buy books and supplies |
| · |
place an
advance on class fees |
| · |
send money to come home for
the holidays |
| · |
use it
like a money account for any other
need; i.e., home renovation, debt consolidation,
etc. |
| |
|
| · |
the account is
FDIC insured |
| · |
you can fund the account with
your equity line account or any other deposit |
| · |
request a bank account where
you will pay ZERO monthly service fees |
| · |
your daily transaction balance
and monthly statement should be available
online so that you can monitor your student's
financial activity |
- Request that your money
account comes with a FREE Visa® CheckCard.
Your student can use the card to:
| · |
withdrawl funds
from any ATM machine |
| · |
make retail purchases at any
merchant that accepts Visa® |
| · |
transact online purchases
with fraud protection |
| |
|
| · |
payment
for purchases comes right out of
joing parent / student account |
| · |
you get all the benefits from
the Visa ® brand |
- Your student will not be
restricted by the number of times they
can access your money since one advance will be
placed into a bank account with unlimited check
previleges.
- Since the bank money account is a joint account,
you can monitor your student's
financial activity to ensure fiscal responsibility
and need
- Your student can access funds for $1 or any
amount up to your approved credit line balance
— no minimum requirement
restrictions.
- Your student can use the CheckCard at participating
merchants without exposing
your equity line account to potential fraud and
mis-handling.
Hey!, it looks like you
have become the banker. Apply
now and let us find the right lender near you.
Support Files: 
