19yr old with student loan to invest

atush

this is what I thought (although was told above I was wrong).

those who started sept/ocy 2012 have a much higher rate interest. So you should NOT take any student loan you don't need as you can no longer 'stooze' it (ie borrow inder 2% and invest at 5% or more) as others did in the past.

So, unless you REALLY need the money (and I have two at Uni your age and no they don't have loans as I am paying to keep them out of expensive/more than a mtg interest debt) do not take a student loan.

I'd get the student bank acct and run up the overdraft at 0% and then use other sources of income. And if you run out, only then take the loan to spend- not to save.

atypical

As the overall terms are attractive (many never repay their loans before they're wiped, see here) I'd still take the loan.

Any interest you earn in a savings account is a bonus and will roughly mean the portion of the loan you're saving isn't growing in real terms.