1. Start with an approved home equity line of credit
   account from a lending institution (we can help find your lender)
   
   
2. Access and transfer an advance
   from your equity line account to your child's personal pre-paid credit card (budget controlled by the amount you load to the card):
   
   see an example how the pre-paid card can be used
   
   
3. Have your student use the pre-paid card
   to pay for school expenses such as:
   
   
• tuition
• books and supplies
• class fees
• travel and transportation
• living and all other expense
  
  
4. Your student can use the card to:
   
   
   • withdrawal funds from any ATM machine
   • make retail purchases at any merchant that accepts Visa® or MasterCard ®
   • transact online purchases with fraud protection
   • the amount on the card is limited by the amount loaded to the card
   • daily transactions and monthly statements are available online so that you can monitor your student's financial activity
     
     apply now for your personal pre-paid card (approval guaranteed)
     
     
     
5. When your student graduates
   you can simply close the credit line account and convert any existing borrowed amount over to a fixed-rate home equity loan at a specified repayment term or turn it over to a banker credit line to payoff the education expense and manage your money.
   

Access benefits:

1. Your student will not be restricted by the number of times they can access your money since one advance can be loaded to the card with unlimited access privileges.
   
   
2. You can budget the amount the student uses and monitor your student's financial activity to ensure fiscal responsibility and need
   
   
3. Your student can avoid going into debt by refusing credit card solicitation offers made to students by credit card companies.
   
   
4. Your student can use the pre-paid card at participating merchants without exposing your equity line account to potential fraud and mishandling.
   

Your child starts college. What to do?

Your child is going to college. It's important to advance one's education.

But are you prepared for the cost?

Tuition

Housing

Transportation

Books and lab fees

Recreation

A trip home for the holidays.

Scholarships will help. So will federal financial aid and summer work programs. But the high cost of education may force you and your child to look elsewhere to cover the full cost of college.

Don't Forget Your Equity

That is where our Home Equity Line of Credit can help. You can use the equity in your home to finance your child's education.

You become your own banker. Borrow the exact amount you need (up to your available credit line limit), as many times as you need, whenever you need, without incurring access charges or loan processing fees.

The interest charges on your equity line are much lower than many other financing arrangements. And the interest you pay may be deducted from your taxes if you qualify — additional cost savings. Speak with your tax advisor to see if you qualify for the mortgage tax deduction. Click here is see how much you can save.

The Home Equity Line gives you total flexibility and control.

Unlike other education financing arrangements. You can set your own repayment schedule by paying the minimum payment each month or by paying a little extra. It's up to you.

Apply now for your personal "College Educator" Home Equity Line of Credit or dial toll-free: 1-877-777-1370

Additional Sources:

• College cost profiling for your intended institution:
  http://www2.collegeboard.com/search/index.jsp

• Get the facts on available government financial aid:
  visit our financial aid center
  
• View our financial aid charts for higher education:
  http://www.SayStudent.com

How to Help Your Student Manage Their Finances

It's tough growing up. There's much to learn, especially personal financial management. Your college student will need a money account to pay for basic living expenses.

Many financial institutions offer a FREE self-service checking account for college students. These accounts has been designed for the out-of-town student who needs access to a vast network of ATM machines.

You should become a joint cosigner on the account so that you can monitor your student's activity.

Get the Pre-Paid Card to Control Funds

First, the pre-paid card functions just like a credit card:

because the Card is accepted at any merchant who accepts credit cards. Unlike a paper check, your student will not have to present ID to make a purchase.

Second, the Pre-Paid Card works like a check:

because all purchases are deducted from the money amount loaded to the card. This protects you, the parent, from paying excessive credit card fees on credit card lines that can be abused.

Third, you can monitor the account

using the institution's online banking. That way you can ensure that the funds are used properly with additional funds loaded to the card as needed.

You can see a quick diagram how the pre-paid card works. Click here for more information.

Additional Sources:

• Apply for the pre-paid card (guaranteed approval):
  directory of pre-paid cards for students
  Checking account tips for College Freshmen:
  http://agnews.tamu.edu/stories/CFAM/check.htm

You Decide to Add a Room After They Leave

Are you thinking of adding or renovating a room after your college student flies the coop? Or perhaps it's time to remodel the kitchen?

Home renovation costs can add up.
You may need to finance the project. But how?

You could borrow the entire amount at once with a home improvement loan. That means using a portion of the money to pay the contractor's first installment, and then tucking away the remaining amount until the project is finished.

One problem.
The amount you tuck away is costing you money. Another problem is estimating the amount to borrow.

What if the cost of the project goes up? Or you decide to add some extra features? Going back to the bank to borrow more money can add to your total financing cost.

There is a better solution.

Use your home equity line of credit to finance the project.

Borrow the exact amount you need (up to your available credit line limit), as many times as you need — whenever you need — without incurring access charges and loan processing fees.

Pay the builder once, and then again throughout the project by simply writing the amount you need using your equity line access checks.

And if you find that you need more money for the extra features, no problem. You can borrow again up to your available credit line without speaking to the bank.

You will only pay interest on the amount you borrow, which is much lower than many other credit arrangements. And the interest you pay may be tax deductible — additional cost savings. Speak with your tax advisor to see if you qualify for the mortgage tax deduction.

You can set your own repayment schedule by paying the minimum payment each month or by paying a little extra. It's your choice.

Using your home equity line of credit as a "College Educator" and "Home Renovator" gives you total flexibility and control

. . . cash as you need it, when you need it.  

Apply now for your personal "College Educator" Home Equity Line of Credit or dial toll-free: 1-877-777-1370

Additional Sources:

• Home Remodeling Center / Checklist:
  www.LetsRenovate.com