Great points. First off I will state that I have a 3 year old and 1 on the way in February so I am not in this position but I am researching it as a possible strategy down the line.
The reason I think the accelerator loan fitrs the bill is because I have greater access to the money. Additionally for financial aid purposes it allows me to hide equity therefore qualifying me for a greter amount of potential grants and scholarships for my kids. All of my income is going towards paying down the loan on an accelerator program so it basically is whaowing a 0 balance in savings.
Financial aid officers count approximately 5% of a parents saving townard the Expected family contribution so I am looking tom minimise this. Additonally I believe ther is a 2 year look back proviosn so I need to do things well in advance of my kids starting schoo. This was just one of the peripheral benefits of this type of program that I began thinking about.
