<p>Parents use a variety of loans to supplement financial aid packages. Some use Plus, some use private loans, some use HELOC. This is entirely up to you.</p>
<p>The bigger thing to consider…will you be able to continue to take out loans (will you qualify if you borrow again and again) for YEARS two, three and four. Some families find that they are able to borrow for year one, and even year two…but then they do NOT qualify for loans in years three and four. Plan ahead. College is four years (at least).</p>