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Financial Resources

FINANCIAL INFORMATION

Here are a few suggestions that families have used, to fund tuition.

• Parents are able to secure a personal loan or line of credit.
• Get a second mortgage or refinance their home.
• Others have used college savings since their child is not on track to complete high school, much less go to college.
• Some have had support from family members and/or friends.
• Families with a 401k or Roth options have used loans from these accounts to help.
• In today’s economy the most commonly used method of financing is a personal line of credit from a local bank--A bank with which you may have a good relationship. Some have been able to go on line and apply for lines of credit through some of the larger banks and they have received approval for a line of credit or credit card at a great interest rate.

Tuition sometimes takes creativity but can change your child’s life forever.