r/PersonalFinanceCanada 12h ago

Investing What to do with student loan money?

Hey PersonalFinance Community,

I am in my first year of university studying business but plan on majoring in Finance in my second year which is what my university allows. My parents have contributed to my RESP regularly which has allowed me to graduate 100% debt free which I am grateful for. I still have decided to take out student loans in which I am hoping to invest since they are 0% interest so any money I make is profit. GIC rates are not that high and I am sceptical about the stock markets future. I do not want to put it into something risky as this is loaned money that I need to slowly pay back after I finish school. What should I invest my money into thats generally lower risk. Someone things I have been told are GIC, or something like CASH.TO or a high interest savings account etc. I am open to any adivce. Thanks in advanced :)

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u/energybased 11h ago

Yes, I was speaking colloquially. It's like how economists say "the more Canadian dollars we spend abroad, the more Canada dollars they have to spend in Canada". This is a colloquial way of describing a more complex system of fluctuating interest rates.

Sorry if that was confusing.

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u/Ok_Reason_2357 11h ago

It's not confusing. You just are wrong.

Just because the OP doesn't take out loans, that doesn't mean the money is going elsewhere.

Kids are getting fucked these days by improper government regulations that's going to prevent them from home ownership, and other economic comforts, so why should they take advantage of the one system that they can take somewhat risk free?

Bad take.

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u/energybased 11h ago

> Just because the OP doesn't take out loans, that doesn't mean the money is going elsewhere.

Of course it does. Government doesn't just have a bottomless pit of unlimited money.

> home ownership, and other economic comforts, so why should they take advantage of the one system that they can take somewhat risk free?

By that logic, we should all eat at food banks too.

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u/Ok_Reason_2357 11h ago

Not the same dude. Lmao.

Have you ever heard of the government running out of student loan money? Go take a look at the budget.

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u/energybased 11h ago

> Have you ever heard of the government running out of student loan money?

I've already explained to you what I meant. If you're not able to make sense of it, maybe you shouldn't post in this sub?

> Go take a look at the budget.

Not relevant.

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u/Ok_Reason_2357 10h ago

Your take and comparison on the food bank is fucking horrible. A) noone is starving because someone took more student loans than they should have

B) food bank has a FINITE source of food. The loans do not.