Is it better to pay in cash for college or take out student loans?

Law school will cost 150,000. If someone has that much saved up in cash, should they pay off their mortgage and take out student loans, pay for tuition or save/invest the money and take out student loans?
My mortgage is interest only and with my bad credit and no work history in the past year there’s no way I can ever refinance it for the next 10 years factoring in college time, etc.

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