Fund an education
Use your home equity to pay for student loans or tuition.
Whether you’re paying off your student loan debt or looking for help paying college tuition or living expenses for your children while they’re in school, your home equity could be the solution you need. Pay down your higher education debt with a solution that doesn’t come with monthly payments.
Find out if a Hometap Investment can help you handle student loans and tuition debt.
Why homeowners like you choose home equity investments to fund education
$57K
Avg. student loan debt per household
144%
Growth in private tuition costs since 2020
$140K
Avg. cost of 4 years of public college
Sources: Nerdwallet; US News & World Report
Hometap enabled us to continue to pay for my daughter’s college education, and it enabled me to be able to get a patent on a product that I’d been working on for several years.
Jennine L.
St. Paul, Minnesota
Read Jennine's StoryCompare ways to pay student loans and tuition
Home Equity Investment | Federal Student Loan | |
|---|---|---|
| No monthly payments | ||
| No payments for up to 10 years | ||
| No prepayment penalties | ||
| No debt-to-income requirements | ||
| No specification on use of funds |
Resources for funding education
Getting Out of Student Loan Hell: Should You Use Your Home Equity?
How Your Home Equity Impacts Financial Aid For College
Private Student Loans vs. Federal Student Loans and Your Alternatives
FAQs
Home equity investments from Hometap provide a way for homeowners to be paid today for equity they’ve accumulated in their property — without monthly payments. We invest alongside homeowners, providing cash today in exchange for a share in the home’s future value. Homeowners can settle the Investment any time within 10 years, and use the funds for anything they’d like.
Unlike some loans that have limitations on how the funding is used, a home equity investment from Hometap can be used for any number of financial goals, including paying off student loans, covering tuition, or even living expenses.
The speed at which we can make an Investment is dependent on several factors. Once you complete your Application, we'll determine the home market value, finalize the offer, structure the Investment, and work with you to sign as quickly as we can.
Everyone’s motives and methods around homeownership are personal — there are few “right” answers in life, and ultimately it’s up to you to weigh your options and make the decision that best fits your needs.
To qualify for a Hometap Investment, you must have a minimum FICO score of 575. We also typically look for an LTV (loan to value ratio) maximum of 75%, so if you have less than 25% equity built up in your property (for example, if you’ve only been in your home a very short time), Hometap might not be the best fit for you.
It’s also important to determine if our settlement options fit into your plan. Hometap Investments have a 10-year effective period. You may settle your Investment within that time through the sale of your home, a refinance, or with savings.
Additional requirements may apply. Hometap's eligibility criteria, terms, and conditions are subject to change.
Unlock your home equity today
See how much home equity you can access to reach your education goals.
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