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Selling home for son's college education?

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13 years ago

Hi All,

My son will be going off to college in next two years. He is now in Junior High.

The way things are going on now a days (in general) I am concerned if I will have enough funds to put him through the college.

I am planning to put my home in the market next spring and raise some funds for the cause.

Question is -- is this a bad idea? Is it safe to still own a home while my son goes to college and borrow loan on the house? This way I have to pay both the college loan as well as the mortgage plus the interest. That I cannot afford.

I was not sure if this is the right forum to post this--but still related to education.

Any suggestion/advice is welcome related to the concern.

Thank you in advance.

Anna

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