Currently a junior in college and using my GI bill benefits. I get around $1900 per month for housing from my GI bill, and another $1800 per month from VA disability. With federal loans at a 3.73% interest rate would it make any sense to take out student loans to pay for my living expenses and then invest 100% of my passive income? Taking out the additional loans would bump my student loan payments upon graduation to around $350 a month, which would will be paid using my VA disability.
I'd invest the money into either the S&P 500 Index Fund (SPY) or the Consumer Staples Select Sector SPDR Fund (XLP). I'm not looking to day trade or anything. Does this make any sense? I've seen similar questions get posted, however none of the other posts had passive income and their tuition already paid for.
Submitted March 23, 2022 at 02:11AM by BuiltLikeABagOfMilk https://ift.tt/qfQhFAb
