<prompt> Human: I just started college in fall and my bursaries and college savings from parents will cover my first 2.5 - 3 years of school. However I need advice on how to best invest 6000 usd that I saved to pay for my college tuition once these other funds run out. The 6000 is currently in a savings account making only 0.15 interest. I am going to school in Canada and have permanent residence here, but I also have US citizenship and a US address. Should I put my money in a mutual fund or a TFSA? And should I invest it in the US or Canada? I really need to make the most of the 6000 because once it is gone I will have to take out loans to pay for the rest of my school.  <response>: Keep it in a savings account. Money you know you will need in the short term should not be exposed to larger market risk. 