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Can one take capital for student loans that will not be needed until next year and put them in a 1-yr CD or money market account?
You should not "advertise" to anyone that you are borrowing student loan money solely so you can invest it to make a profit. However, once the money is yours it's pretty hard to track. The federal regulations stipulate loan money is to be used for "school related expenses" so, if you were ever questioned, you might, might, get away with the thought that the profit would be used for future school expenses. MOST IMPORTANT: this loan money would have to be "extra" for you; in other words, you don't really need it to cover your educational expenses that year. You can't invest the money for a profit then turn around and go to your school's FA officer and say you are short your tuition, book money, etc., they will want to know what you did with the loan money.
additional: In real life investing in a short term CD will only serve to reduce the interest you are paying on the money and probably isn't a bad move if its not explicitly against the terms of the loan. The interest banks are paying on CD's and money markets is pretty dismal now,
What else can I help you with?
Is money stuck in a money market account?
Money in a money market account is not stuck, but it is typically invested in low-risk securities like government bonds and can be easily accessed when needed.
What are examples of working capital?
Working capital is actual CASH money that you are able to use, for the business. It can be liquid cash in a bank account or credit that you can draw on, as needed.
What is required to open an account with Chevy Chase Bank Online?
As Chevy Chase Bank is now owned by Capital One, and has been rebranded under the Capital One logo, the question should now relate to how to open an account with Capital One. Firstly, personal identification is needed, in the form of photo ID, Social Security number and proof of residence. An amount to pay into your account is also needed, whether in cash or as a cheque.
How much does it cost to open a savings account with INTRUST bank?
There is no cost to open a savings account at INTRUST; there are minimum that are needed to open one. For Money Market the minimum is $5,000.00, for a regular savings account, $100.00 and for the Youth Savings Program, $10.00
What information is needed to sign up for Capital One online banking?
To sign up for Capital One online banking, the information a person will generally have to give out is their Capital One account number, social security number, a working e-mail address, and their most recent credit card.
Is money stuck in a money market account?
Money in a money market account is not stuck, but it is typically invested in low-risk securities like government bonds and can be easily accessed when needed.
What are examples of working capital?
Working capital is actual CASH money that you are able to use, for the business. It can be liquid cash in a bank account or credit that you can draw on, as needed.
What is required to open an account with Chevy Chase Bank Online?
As Chevy Chase Bank is now owned by Capital One, and has been rebranded under the Capital One logo, the question should now relate to how to open an account with Capital One. Firstly, personal identification is needed, in the form of photo ID, Social Security number and proof of residence. An amount to pay into your account is also needed, whether in cash or as a cheque.
What is needed to create a business checking account?
It is probably in your best interests, for tax purposes, to open a business checking account. To create one, it is necessary to have the capital to make having a business account necessary.
What does capital for business do for middle market businesses?
Capital for business is a term used to refer to money needed to begin a company. This can be personal money, investors, or even a small loan.
Where can college kids open a student checking account?
A student checking account is a very important thing to have. Students should all select a bank to safeguard cash until it is needed for food or other necessary things. The most banks have the option to open an account. Also the bank in your neighborhood probably and if not then, the internet can help you further.
How much does it cost to open a savings account with INTRUST bank?
There is no cost to open a savings account at INTRUST; there are minimum that are needed to open one. For Money Market the minimum is $5,000.00, for a regular savings account, $100.00 and for the Youth Savings Program, $10.00
How can i find the answer key to oddysseyware on a student account?
Accessing answer keys on Odysseyware through a student account is against the platform's academic integrity policies. If you need help with assignments, consider reaching out to your teacher or utilizing study resources provided within the course. Engaging with the material and seeking assistance when needed can enhance your learning experience.
What's asset allocation fund and is it good for current market?
This depends on the company that you are doing the investments with. Each company has different requirements which are needed for an investment account.
Why did the government changed the capital of Brazil?
They needed the capital to be larger
What information is needed to sign up for Capital One online banking?
To sign up for Capital One online banking, the information a person will generally have to give out is their Capital One account number, social security number, a working e-mail address, and their most recent credit card.
How can a school catalog help a student?
It can help by providing the information needed by the student.
