Anonymous

21 Jul 2020

∙

General Investing

I have $28K in savings but have yet to go to uni. Should I use the money for uni or start investing?

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Gideon Ng

21 Jul 2020

Blogger at FI Pharmacist

Hi Anon,

I would suggest taking a tuition fee loan to fund your uni fees. The ones offered by DBS and OCBC will help you to pay 90% of your fees, and it is interest free during the time of your study.

This frees up the money that you otherwise have to pay for your tuition fee, to go and do some investing. If you are saving this money to pay your tuition fees at the end of your uni term, then I would suggest placing it in lower risk investments since you only have around 4 years plus to realise the returns. The stock market is quite risky and you may experience a loss if you invest everything into the stock market.

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