Re: Taking out a student loan and investing the money?
It is illegal but this has not stopped people from doing it. As another poster pointed out, only subsidized loans would be worth chasing. When I was in school this was capped at $8500 per year. In most cases the check is cut right to the school so your SOL. I went to an overseas school and the check was written out to me but i actually spent it on tuition. If you can get over the hurdle of having the check cut the school 5% of $8500 will earn your $425 per year less your tax liability. Again, this is illegal and frankly would not find it worth my time.
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