<prompt> Human: Im going to be a junior at the Naval Academy, and we have this Career Starter Loan available to us through Navy Federal. Its up to 32,000 with a 1.25 APR for 60 months. A lot of people take the loan to pay for cars and other expenses. My thing is, I already have a car, and I have a pretty nice lump of savings like 8k. I cant think of anything specific that I would use the money for, so Im inclined to not take the loan, but you usually dont see money available like this with such a low interest rate. Is there a way I could invest it? Ive heard that some people put it in their IRAs or something like that. So what do you guys think?  <response>: PF is not really going to tell you to take a loan to then invest.You could take it and put it into a pretty safe bond fund and make 2.5 on the spread. You would make about 2100 then take out taxes. 