Student Home Equity | Introduction

Introduction: How Best to Finance College

Use the equity in your home to become a BANK

and pay for tuition,
room and board,
books and supplies,
transportation,
and anything you need at college,

by simply changing the ways you manage your money.

Instead of using your checking account to receive and payout funds, you will use your home equity line of credit account for all income deposits and expense payouts.

View the illustrations below:

1st: Use the equity in your home to pay for college

Use your equity line to pay for college expenses minus the financial aid awarded:

pay tuition
pay room and board
pay for supplies
pay for misc. needs

2nd: Deposit all of your income into your banker home equity line of credit account

You will take all of your income sources and deposit them into your equity line account instead of your checking account. Deposit:

salary income
capital gains
savings
spare change

3rd: Now use your banker home equity account to pay family expenses

Use your banker home equity account to pay for everyday budgeted and planned expenses such as:

monthly bills
food and clothing
mortgage payment
budgeted card charges
other living expenses

use it like you would
use your regular
checking account
to pay for everyday
living expenses

Benefit: Your discretionary income payoffs your college debt balance FAST!

Your discretionary income (the income amount minus your expenses) remains into your banker home equity line account to lower the debt balance.

Over time, you will be able to pay off your financing debts in half the time by budgeting and managing your banker home equity line.

You can also use your banker account to finance other needs such debt payoff, a new car, home improvement, and other.

Where to Next

First Step:
view this quick 10-point slide show that demonstrates how the Banker Line of Credit works: go to slide show
Second Step:you would like to pay for college:
go to college funding options
Third Step:
use this 10-step success plan for implementing and managng your BLOC: view 10-step success plan
Fourth Step:
see how the BLOC can be used to payoff your mortgage: view mortgage payoff plan

BANK EQUITY for Student Aid

[view]Introduction
[view]Slide Demo
[view] Use BLOC for College
[view] 10-Step Success Plan

[view] Home Market Valuations
[view] LTV Calculation
[view] Home Page

[view] Return to Education

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Introduction: How Best to Finance College

BANK EQUITY for Student Aid