<p>I have a choice between doing an internship this summer or work in a warehouse and make close to 7k that I can put into a cd and let build interest to use to pay off loans once I graduate. What do I do?</p>
<p>edit: I should say 7k after taxes and money for food,gas, and some spending money for myself</p>
<p>Internship. It will pay off in the long run since it will be relevant experience.</p>
<p>Internship.</p>
<p>Depends on how much you need the money. Do you have a lot of student loans? Are you comfortable enough to afford your luxuries and necessities? </p>
<p>If you can manage it, I’d say do the internship and get a part time job somewhere else. That way you’ll pad up your r</p>
<p>Where are all the account experts on this forum? Putting $7K into a CD at the current and near term projected 1% interest rate will result in a 1-2% loss in total return (inflation eats into real value of CD)</p>
<p>Boneh3ad is right on == “Internship. It will pay off in the long run since it will be relevant experience”.</p>
<p>@<peterw> That’s interesting to read</peterw></p>
<p>@<everyone else=""> Thanks</everyone></p>
<p>Why pay off the loans after you graduate? Use it to pay as you go so you don’t have to take out that in loans. </p>
<p>Before just taking the internship, find out more. How much does the internship pay? It it’s close to what you get at the wearhouse, then yes, take it. If it’s nothing, then you should consider how relevant to what you’d like to do the internship is, and what year you are. If you’re a freshman you can afford to hold off on an internship, where as if you were a junior you probably should take it. If it’s very relevant to what you’d like to do, even if you’re a freshman and you’re making nothing, it might be worth taking. But if it’s just something random you were able to get that isn’t related to what you want to do, it’s probably not worth it as much.</p>