I also think it depends on how old the children are as well. If one can pay off the mortgage in less than 15 years, that amount saved on interest pretty much be allotted for the college funds?
I am seeing in a perspective if you save a small amount each month (small enough that can pay extra towards mortgage) in the college funds while the kids are fairly young. By the time the mortgage is paid off, just sock away the ongoing amount that was paid for mortgage to the college funds while the kids are in high school. I would think this would be a win-win on everyone’s part?
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