You have to consider how long it will take you to pay back the loan in order to evaluate the benefit of investing your money. Most student loan programs do not charge interest while you are in school but start after you graduate. You need to evaluate the loan amount still outstanding and the interest rate after graduation to see how much the loan is going to cost you (ie: interest costs). In my opinion, we are now in a recession and earnings are hard to come by. Gold is my preferred investment right now. CDs are another option and, in contrast, they are guaranteed to not lose money. If you like the CD approach, I’d suggest buying several and altering the maturity dates so you protect yourself a bit with future interest rate changes. If I were in your situation with the present state of our economy, I would use my own money to pay for college. There is little to be made investing right now and investing in your college education and graduating debt free is a pretty comforting position to be in.

How to avoid spending it? Why, what’s wrong with you? Just don’t spend it…think before you act and put your efforts into study rather than shopping. If you need money protection your whole life you’ll never manage.

i would definately invest in gold

You can only avoid this if you think firmly how hard this money was earned ,and that this money is serving its purpose well now, that is to help you flourish the money but not to end the money’s worth and existence…why not if you ahve a good background on sales, then real estate is a good one, or do a rent-a-car business, or buy and trade in cars, or invest in stocks or bonds, or do some franchize restos, or bistros, or do some clothesline business, or open a pawn shop, or do some lending business,or invest in animal husbandry..or support groups..remember “easy come easy go”….there! so i wish you luck!

invest it in a long term account that way you will earn more interest talk to a financial adviser they will gave you good advice

Real estate is not looking to great at the moment. Land on the other hand you can’t go wrong. Land hardly ever goes down in value. So instead of investing your money on a property that you are paying for the dwelling I would suggest just buying acres of land that are in a good spot for farming and then lease it out to area farmers while you are in college then you can save that money to either build a house or buy a different property. JMO

Take advantage of student loans cause you will never get a deal like that ever again in your life. Use the money u have to make more money and gain assetts. Pay back the loan later they are very reasonable.

IF YOU INHERITED SOME MONEY AND ARE ITCHING TO TREAT YOURSELF, THEN BY ALL MEANS TAKE A LITTLE AND TREAT YOURSELF TO SOMETHING NICE.
TO BE SURE THAT THE MONEY IS THERE FOR YOUR TUITION EXPENSES, ETC.. YOU MIGHT CONSIDER DEPOSITING IT IN A BANK FOR A SPECIFIC LENGTH OF TIME. ANY REPUTABLE BANK OFFICER WILL EXPLAIN IT TO YOU AND ASSIST YOU. BE CAREFUL NOT TO LEAVE IT ACCESSIBLE OR YOU MIGHT DWINDLE IT DOWN TO NOTHING AND HAVE TO FIANCE YOUR EDUCATION ANOTHER WAY.

I get a lot of extra tuition money as well and have trouble not spending it. The first thing I do is pay an extra few months in rent, pay off some debt, put a small chunk in my savings account, and put the rest of it in my IRA.

I never use my inheritances on college. It is stupid, I prefer to spend all my money and then allow the government to pick up the tab. It works really good for me. How about you? I heard a wonderful investment, is books on using your money stupidly and letting the government pay for your sorry self when you have the money already, especially when there is people who need the assistance. Good question.

buy some stock, ivest some in college, if you find something you really likethink “do i really need this? how can it be useful in my life?”