I have 20,000 in student loans and I want to invest some of it in mutual funds and put the rest in a

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to make more money and pay the loans back. Is this legal? or would it better to just pay the loans back all at once since the interest rate in 6.8%. Is there a penealty for paying federall stafford students loans off all at one time in one lump sum?

I've been to school I just saved all my student loan money that I could save.

I have 20,000 in student loans and I want to invest some of it in mutual funds and put the rest in a CD's?

OK let me make something very very clear for you; as long as you are student don't worry about making money; your main and last concern should be your studies; study hard and graduate as soon as you can or at least in 4 years if you are pursuing a bachelors degree, after you got your degree look for a job which pays you a good salary and then start living a good life; making money when you are a student is the biggest mistake, first of all it effects your grades really bad; secondly you are not making money, most of student jobs only pay an hourly compensation of minimum wage which definitely doesn't make you rih;

so what should u do with that 20 grands, very simple, keep it in your checking account and use it for tuition , books, rental, fun and recreation and spread it over remaining years before graduation, pay your debts on time and do not mess up your credit history; you will lose money as well as your time if you try to invest in something or get a job before you have got your degree, trust me I know what I am talking about !!!

Good luck !

I have 20,000 in student loans and I want to invest some of it in mutual funds and put the rest in a

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