- Joined
- Dec 16, 2006
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OK, so I'm in a quandry as to whether I should use my student loans to invest. I'll just lay out the cards... I'm planning on going into family med in a rural setting, and I am reasonably sure that by working in an underserved location I can get my loans "forgiven" for a 3-4 year committment.
In comparison to most of my classmates, I live very simply and housing is very cheap, which several thousand left over. My preference would be to invest it in a Roth IRA, to protect from taxes.
Questions:
1. Is it legal to use unsubsidized student loans to invest in a Roth IRA?
2. Before entering a practice that offers loan forgiveness, would the account be audited (and would they be mad that they were paying off loans that I would have in a Roth)?
In comparison to most of my classmates, I live very simply and housing is very cheap, which several thousand left over. My preference would be to invest it in a Roth IRA, to protect from taxes.
Questions:
1. Is it legal to use unsubsidized student loans to invest in a Roth IRA?
2. Before entering a practice that offers loan forgiveness, would the account be audited (and would they be mad that they were paying off loans that I would have in a Roth)?