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Using a Home Equity loan to cover college tuition and school expenses It is sometimes the last resort a parent will turn to when seeking the complete funds for the annual cost of going to college in 2010: home equity loans – Surprisingly, it turns out to be one of the better financial choices because

What is Equity? If you are familiar with the phrase home equity loan, but not quite sure what equity is, here is a brief explanation: In finance, equity is the   residual claim or interest of the most junior class of investors in an asset, after all liabilities are paid. Source: Wikipedia