Taking out a student loan and investing the money?

[NeedAJoker]

Not sure if this is how it works everywhere but my loans go directly to the University, they take out tuition and fees for the semester, and then direct deposit/cut a check to me for the remainder. The "extra" money if for living expenses ie. rent/food/transportation so realistically you could invest it if you wanted but like others previously mentioned, unless your parents have a very low income, the loans do have interest accruing the whole time.