Use student loans or acquire home equity line?
Q: My company pays for my tuition, but I am still suitable to take out student loans. I am debating if I should go on with to use student loan net to “fix - up” my abode, or just take out a emphasize equity line. I know if I take away from a loans, and if I stay in seminary I can keep the loans deferred and neutral pay when I can, but a where it hurts equity loan would require instant payments. Also, if I smack a rough patch I can beg a forbearance request. Any thoughts?
Responses:
It is in truth illegal to use student loans in regard to anything other than school and college related expenses. Try a unfriendly loan or home equity loan. There are several options with a adroit in equity loan just go outstanding your options with the bank
So, you are prevailing to lie on your loan applications that you impecuniousness the money for tuition when you are not truly paying tuition. Since your boss will only reimburse you if you p the courses, this may indeed be allowed. However, if you do get by reimbursed, you can not out any interest on your taxes and you would be a twirp to not pay off the loan this instant. Stick to the home disinterestedness line of credit or no loans at all
Not a tolerable idea. Student loans are not fitting for anything else but education expenses