One consideration with respect to the financing is the fact that it changes your eligibility for federal financial aid. By being house rich and saving poor you are eligible for far greater assistance in the form of grants and Sbsidized Federal Stuent Loans. Under the federa Loan Program you are eligible for up to 8500 in subsidized funding each year of school and up to 12000 om unsubsidized. The larger your saving are the less you would be eligible for.
Additionally you could simultaneously open up a HELOC on the home so that you still ahve access o the capital if needed.
If you are considering an entrpreneurial path the ability of borring 20500 dollars now with extremely easy terms and conditions might give you well need capital for when you graduate.
