The typical family pays for college with six funding resources: 34% grants & scholarships, 29% Parent Income & Savings, 13% Student Borrowing, 12% Student Income & Savings, 7% Parent Borrowing and 5% Relatives & Friends. 1 Historically, there is quite an inventory of savings vehicles: UGMA/UTMA, Grants, Scholarships, Work Study, Education Savings Bonds (Series I or EE), Coverdell IRAs, Post 911 GI Bill & ROTC, Section 529 Plans, Cash Value Life Insurance and Real Estate Equity. Sometimes tax management can come into play and free up money otherwise going to Uncle Sam. Knowing how to position and purchase investments on the basis of taxes can create greater cash flow, freeing up more money for college. Home equity is a resource, but not a free resource unless you’re age 62 or older. Some Baby Boomer parents had their children late in life. Traditional HELOC equity loans demand interest payments, the loan could be called and the equity line of credit has no earning power. But a HECM (Home Equity Conversation Mortgage) loan appreciates annually for any unused portion of the equity line and increases uncorrelated to its market home value. Borrowers pay no out of pocket interest payments and are not   Read more…