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My strategy for first year was this: I took the 38.5 and paid the rest through savings.
My strategy for second year: take the 38.5 and use my investments since my savings arent as big as last year.
This would take my investments to zero. I have been advised that despite the fact that this is more or less an 8.5% investment, it may not be the wisest decision....in that I would have zero funds if emergency were to strike (although my parents would likely cover me).
I guess my question is, would it be wise to leave my money where it lay, and go ahead and take 7-10k out via the GradPlus loans?
There certainly are advantages to both and I will definately be looking to buy a new car/house when I graduate in 2009 (read: down payment needed)
My strategy for second year: take the 38.5 and use my investments since my savings arent as big as last year.
This would take my investments to zero. I have been advised that despite the fact that this is more or less an 8.5% investment, it may not be the wisest decision....in that I would have zero funds if emergency were to strike (although my parents would likely cover me).
I guess my question is, would it be wise to leave my money where it lay, and go ahead and take 7-10k out via the GradPlus loans?
There certainly are advantages to both and I will definately be looking to buy a new car/house when I graduate in 2009 (read: down payment needed)