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Financing spring break with a student loan

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

A LendEDU study has found that one third of the students in the US are using student loan money to finance spring break and the consumption of alcohol.

The study reveiled that 30.60% of the students are using their student loans to pay for their spring break trip, while 23.80% has admitted that they use the money to pay for alcohol. A small percentage of students even used the money to buy drugs (6.60%) or to gamble (5.60%).

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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