June, 2016

Using a HELOC to Pay for College | The First National Bank Blog

June 7th, 2016
Using a HELOC to Pay for College | The First National Bank Blog image

In 1999 (when the parents of this year’s graduating seniors began putting aside money for college), the cost of attendance was much lower than it is today. It’s ironic, but college tuition costs actually dropped in 1999. All that soon changed. In fact, 2015 saw tuition rates rise 3% at a time when the rate of inflation remained relatively flat. If you noticed the cost of college was going up and were able to save accordingly, you’re fortunate. Some parents are only now realizing that the money available from savings and federal student loans won’t be enough to cover the [ read more ]