For that reason, financial advisers continue to advise borrowers to exhaust every other option a home-equity line of credit, a loan from a family member or a high-interest credit card before pawning anything.

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Taking out a loan, or a line of credit, or a home equity loan, or even a loan from your dad.

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And if borrowers place some of the withdrawal from a home-equity loan, a line of credit or cash-out refi in a bank or brokerage account, it will likely lead to a smaller financial-aid package for the next academic year.

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Mr. MITTERNIGHT: They want to be paid in 30 days, and what that does to me, in many instances, in order to maintain credit with those companies is quite often, I will have to either tap into my line of credit or go make a loan from some sort of a banking institution.

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When the time comes to pay the bill, consider using a home equity loan or line of credit instead of the federally sponsored parent Plus loans.

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Instead of financing it with an auto loan, they decided to pay for it by using the home equity line of credit that had been offered to them automatically when they signed their mortgage.

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At the mercy of the banks, DeWelt agreed to a two-point increase in the interest rate, to 7.75% on its revolving line of credit borrowings and 6.93% on its term loan.

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