What’s a parent to do?

Q: We thought we were done paying for college. Our child was accepted into a 1 year Post Baccalaureate program. Do we sell some investments or take an equity line to pay for this one year?
A: Look at your investments to see if you can match up some long term losses to long term gains so you can pull from that account with little or no tax. If that does not provide enough, an equity line right now would charge a relatively low rate and the interest may be deductible if you itemize.

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