Lux Investing
How should I invest my student loan money?
I am going to be getting a student loan check next month. But i want to invest most of it.
Public Comments
- your education is is an investment. blow it on bad investments, and it becomes a liability.
- student loan is meant for your educational purposes only, not a way to dig yourself a bigger hole by losing the money.
- Your school is going to get the check. You're just going to get the left-over amount after your expenses are paid. Put it towards college expenses.
- Do not invest thinking your going to earn a lot of money.The economy just isn't doing that well. Put in is a safe savings or some short term CD's
- By availing an student/education loan, you can get financial assistance during the pursuit of your studies in the following areas : * Any kind of fees payable to the educational institution like tuition fees, examination fees, lab fees, etc. * Hostel security, caution money or any kind of institutional fund * Purchase of laptops or any other electronic equipment essential to the course. * Purchase of books and uniforms * Travel expenses (in case of studies overseas) * Miscellaneous expenses like project work, amount for completion of theses, etc. For more on Educational Loan and other benefits visit http://www.paisawaisa.com/loans/education-loans.aspx
- If that is the way you are thinking, you are wasting your time going to college. I would have thought the answer was so obvious it would be unnecessary to ask the question!
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- Cd's are the surest way to go, provided you can ladder them so that money will mature on time to pay for your next educational tab. a good website is one of the best sites to find out about CD rates. Just follow the tabs. I've found some good sources here... http://loan.deal4-you.com/ Good Luck.
