Great analysis Val. Its even worse from a net present value of the cost of the debt plus the HELOC.
Compare the cost of an Ivy education plus an MS vs a kid getting a Cisco cert right out of HS earned while in HS. By the age of the MS grad, the kid will be making six figures with no debt vs upper doubles and 200K in debt for the Ivy educated kid.
If the HS kid plays his cards right, he can finish his BS on the corporate dime then go get an MBA as well on the company dime. Playing his cards right the kid can be a CIO or CFO by 35 and again have no debt.
Or, take that equity and form his own firm vs the Ivy grad with little financial room to maneuver.
