Possible education costs
Costs may include tuition, books, housing, technology, certification programs, continuing education, or family education support.
Compare student financing alternatives
Before using home equity, compare grants, scholarships, federal student loans, private student loans, payment plans, savings, and employer education benefits.
Understand collateral risk
Unlike many education loans, home equity financing is generally secured by your property. That risk should be weighed carefully.
Match borrowing to timeline
Education costs may arrive each semester or over several years. A line-of-credit structure may help with staged costs, but repayment terms and rate changes matter.
Review tax and financial questions separately
Potential tax treatment and financial aid impact can be complex. Consider speaking with a qualified tax or financial professional.
Frequently Asked Questions
Can home equity be used for tuition?
Some homeowners use home equity options for education costs, subject to partner approval and product terms.
Should I compare student loans first?
Yes. Compare all education financing alternatives before securing debt with your home.
Is Borrow Home Equity a student lender?
No. Borrow Home Equity is not a lender and does not fund education loans.