Parents Turn to Self Funding to Pay For College Education

American families are weighing their college financing options as they receive financial aid notices from their schools. Besides scholarships, grants, and student loans, some families are tapping the equity in their homes to manage their education costs. SayStudent.Com is helping families by demonstrating that this innovative home equity concept can manage money and cover college-related expenses.

Richmond, VA (PRWEB) May 14, 2007 -- SayStudent.Com, the Richmond, VA-based college student financial aid planning site, has recently published a module titled, "Financing College by Becoming a Bank," which outlines a ten-step process for covering college expenses. The module appears on the SayStudent.Com website and includes a slide demonstration, pay options, and a ten-step success plan.

"People have choices when it comes to covering college expenses. Scholarships, grants, student loans, and cash are the usual ways for paying for educational costs, but many families also have a powerful tool at their disposal -- the equity value in their homes," explained Krayton M Davis, Executive Principal of nBuy Associates the business behind the SayStudent.Com web site. "We have posted this module to offer readers a step-by-step demonstration detailing this innovative higher education financing solution, added Davis."

A family who has lived in their current home for several years has probably built up a significant amount of equity. By tapping the equity in their home and using these monies to cover college-related expenses, families can save money and, in some cases, realize measurable tax savings. Consult with a tax advisor to discuss how this type of college financing option could work for your benefit.

Davis went on to say, "A family who has lived in their current home for several years has probably built up a significant amount of equity. By tapping the equity in their home and using these monies to cover college-related expenses, families can save money and, in some cases, realize measurable tax savings. Consult with a tax advisor to discuss how this type of college financing option could work for your benefit."

In addition to the module, SayStudent.Com is offering supporting documentation, links, and related resources as a way to assist families considering a BLOC (or Banker Home Equity Line Of Credit) to cover college expenses. Visitors can also find financial aid charts, planning maps, and worksheets to help them come up with a personalized funding plan.

"Some families will choose a BLOC while others may prefer to include additional financing options. We have designed our tools to help families develop a customized package to suit their needs; we recognize that there is no "one size fits all" college financing plan," concluded Davis.

About SayStudent.Com
SayStudent.Com is part of the SayLending financial network operated by nBuy Associates of Richmond, VA. The company covers a full range of personal financial options from home loans, refinancing, auto loans, credit cards, and more. An available 10-step implementation plan for success guide can help families with their financial decision making.

Contact Information:
Krayton M Davis
SayStudent.Com
Richmond, VA
Telephone: 804-527-1103
Web: www.saystudent.com

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