Invest with student loan?
Is taking out a low interest student loan and investing it all in a high yield savings account or CD a good idea? Or possible even?
Top 3 Answers
Favorite Answer
yes but affects your student aid if any
0
Do you know how many bright students with a lot of potential out there who got rejected for student loan because people like you take the money and use it for something else? If you take out the student loan for investment it means you don’t even need it. Think of other people and not just yourself.
0
Last time I took out a student loan, I saw NONE of the money until tuition and fees were paid. Then they gave me a check for the extra $500.00.
If you’re taking out a loan for an investment, I’m sure the IRS will know about it before the school finds out. Then you’ve just dug a hole you won’t be able to get out of.
0
