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Originally posted by Discotish
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if the original poster has already graduated, I agree that he has a right to do whatever he wants with his money, since he has already taken the loans out. The point I was trying to make was that it is wrong for someone to take financial aid in the first place if they don't need it. I'm sorry but I just don't see how racking up student loans and putting that loan money into investments is demonstrating financial need.
Student loans are to help students pay tuition, housing, etc...they are not all purpose loans for your own personal use for whatevery you want, just because of the low rates. You want to get a low interest loan for investments,a car, whatever...maintain a good credit rating and go to a bank. Don't freeload off the government and take loan money from people who really need it
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How are we freeloading? I wish you would explain this. The government gives everybody a certain amount of unsubsidized loan money whether their daddy is Bill Gates or the guy who lives in my dumpster. If it's there for the taking, why can't we take it? So what if I used my first 10K of loans to pay off my car. I'm 20 and I own my own car. How many people can say that?