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/biz/ - Business & Finance


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16718521 No.16718521 [Reply] [Original]

So long story short, I have an Associates Degree that I got a few years ago, and I've applied to a University under the pretext of finishing my Bachelors. What is the absolute worst that can happen if I take the grant and loan money I'm awarded and invest it in crypto? I guess what I'm asking is are there any criminal repercussions? Or do I just have to start paying back the loans as soon as the realize I basically dropped out and ran with the money?

>> No.16718550
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16718550

I forgot to mention I'm in the US too

>> No.16718602
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16718602

Surely someone has done this

>> No.16718654
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16718654

I guess /biz/ is dead. Here's my last bump

>> No.16718710

Yeah do it

>> No.16718722

They give the money directly to the university, who automatically pays themselves first before anything, your only hope is to claim you need additional for housing and living expenses but yeah, you get to spend that how you want.

>> No.16718755
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16718755

>>16718521

You're fucked, OP. You better just enroll in clown college.

>> No.16718761

>>16718521
Heres your answer.
You CAN do it and I've known others that do something similar where (just using round numbers) take out a 20k student loan, use 10k for tuition and 10k for living expenses. You can drop out after the first week and get the tuition refund for a total 20k.
However
You're on the hook for 20k but fees and such will leave you with something like 18k (or less).
1. You have to immediately start repaying the loan, no grace periods
2. They CAN pursue you for fraud if they wanted, but they rarely do unless youre a complete fuckup motormouth.
3. You can do this just once, you're future approval goes down substantially.
4. Gambling in cryptos, stocks, weed or anything else is risky and you'll probably regret it rather quickly.

>> No.16718807
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16718807

>>16718722
No shit, that's why I'm talking about actually enrolling in classes, but dropping them and getting a refund

>>16718761
>They CAN pursue you for fraud if they wanted, but they rarely do unless youre a complete fuckup motormouth.

What do you mean fuck up motormouth? What makes them more likely to pursue you?

>> No.16718829

>>16718807
don't go running your mouth online or to others about how you "gamed" the system.
just let them assume you're an idiot dropout who spent it all on books and shit.
then start paying them back immediately so no one looks into your situation.

>> No.16718841

>>16718521
Lol quit being a pussy and take out the loan. They dont give a fuck

>> No.16718860
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16718860

>>16718807
"HEY GUYS AND GALS OF REDDIT THIS IS HOW I MADE MONEY USING STUDENT LOANS TO BUY CRYPTO"

>> No.16718930
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16718930

>>16718755
Love Her....

>> No.16719079

>>16718602
name???????????????????

>> No.16719102

>>16718521
Gimme that fucking sauce you dumb bitch

>> No.16719504

>>16718930

This is now a Pixi thread.

https://www.youtube.com/watch?v=lOqM3BF_1Co

>> No.16720257

>>16718521
I wanna fuck her so bad

>> No.16720301

>>16719102
Lady Bug

>> No.16720340
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16720340

>>16720257
Yea she looks fun

>> No.16720360
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16720360

>>16720340
Ah, she's pulling classic water squirting out of a flower trick. I bet she got him good.

>> No.16720384

I'm not sure what it's like in the us
But in Aus if you don't get a job in the field you major and get paid above a certain quota you don't have to pay it back

>> No.16720410

>>16718521
What episode of the Fake Taxi is this?

>> No.16720476

>>16720410
anon asking the questions that need answered

>> No.16720611
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16720611

>>16720410
>>16720476
>>16719102

>> No.16720618
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16720618

>>16720611
Fucking hell. I forgot the link. https://faketaxi1.com/driver-fucks-cute-valentine-clown/

>> No.16720649

>>16720618
thank you king

>> No.16720769

>>16720618
>dem production values
cheers anon, 2020's MVP, right here

>> No.16721027

>>16720384
Roll
Dubs
Trips
Kot
I wasn't implying anything. I was just merely saying fuck your school. And be a good kid and pass with double D's in hand. I know what I was implying but you were too dumb to elevate me to a level of clarity to perfect the heist/pump and dump.

>> No.16722102

>>16718521
Criminal, probably not. But yeah, you'd have to pay it all back, and if you're a typical /biz/ retard, you'll put it into shitcoins and scamcoins and lose 100% of it.

>> No.16723039

>>16720611
>>16720618
king

>> No.16723803
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16723803

>>16718860
Hey reddit my employer saw my last post and now I can't pay my rent anymore and will have to euthanize my dog what do