How to Use a Line of Credit to Pay for Education
While education in Canada isn’t as expensive as what we see to our south, we do have to think about costs. Whether you’re trying to figure out how to pay for your own education — going back to school — or you want your child to have the best start in their adult life, a good education can be a way to move forward.
But how do you come up with some of the extra money you need? One way to cover some of your expenses is to get a home equity line of credit. Your home is a valuable asset, and you can use it to improve your life or to help your children improve theirs. Here’s what you need to know about home equity loans and paying for education.