The Best Home Equity Line Of Credit To Pay For College References. Home equity loans or helocs can be used to cover any expense you like, including costs associated with attending college. In addition, you could use a home equity line of credit, or “heloc.” although a home equity loan and heloc are similar,.

Since the average homeowner now has more than $200,000 in home equity in their home, it’s no surprise that many parents consider borrowing against the equity in their home to. It can provide the funds you need to bridge the gap between college. If you own your home, you might be eligible to take out a heloc, which you.