<p>Good catch vballmom. I stand corrected.</p>
<p>All the more reason why the return on the money in paying down principal is a prudent way of getting return on your money without increasing your EFC.</p>
<p>Even better for those of us who don’t quite have enough interest/taxes to itemize. Our 6% (typical mortgage interest) is guaranteed and tax free (no lost deduction). Not bad in today’s market.</p>