Let the good times roll……I just got approved for a student loan for my MBA program and I couldn’t be more excited!  What should I do with the money?  Pay off mortgage?  Pay off the remaining car note?  Buy that new Big Screen TV?   The possibilities are endless!

Student loan money is the best arbitrage money these days as the loans are typically fixed at 6% or so and there isn’t a credit card company in the world that can compete with that since most are arbitrarily raising fees and APR on even their best customers!

I’m only borrowing 15k so it’s nothing to get truly excited about but still, 15k at 6% is a pretty sweet deal as the interest will be (hopefully) tax deductible.   I’ll also add that I’m expecting inflation to sky rocket over the course of this loan(s) over the next few years so the debt will likely be inflated away.

Right now is the perfect time to reposition your cash flows and my balance sheet just got a whole lot better!