re: A guy goes to school just for the student loan cash

quote:

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I knew a guy on a full academic scholarship who would take out student loans and invest them in federal land bank bonds. He made a few points on the spread.

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Know how I know you're old?

You could do that for much of 90s because the student loan rate was in the shitter (< 3% if I recall correctly). But for people my age (28), the rate was 6.8 or more, especially for graduate school. I think the lowest was 3.4% or so.