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Student loan money is awesome. Go to a state school, pay for school with PELL grants and working. Take the loan money and bank/invest/refinance stuff with it. T
by alistproducer2 10y ago
Student loan money is awesome. Go to a state school, pay for school with PELL grants and working. Take the loan money and bank/invest/refinance stuff with it. The interest doesn't start accruing until after graduation so until then it's free money. The worst thing you can do with it is actually pay for school with it, especially an expensive private school for a degree with uncertain job prospects.
- djrogers 10y agoInvesting with borrowed money that you legally cannot default on is not a good plan...
- thatfrenchguy 10y agoThen the market crashes and you're left with non-dischargeable debt, great.
- thatwebdude 10y agoThat's a bad assumption that PELL grants are just freely given out to anyone and everyone. You still have to qualify, and the financial status of your parents weighs heavily on that factor.