Can student loans be used in retirement, brokerage, savings, checking, and 529 accounts? I am aware of the purpose of Student Loans. However if not immediately used, I park some of the money in a savings account. But would it be legal to use the same funds in a retirement account (roth ira), brokerage (index funds, stocks, bonds, etc.), and college 529 accounts, to purchase investment instruments? Given the nature of the question, let me know if I should ask a mod to migrate this question to Personal Finance and Money SE instead.
Yes. You could use student loan proceeds for these purposes. Student loan proceeds are not tracked or traced. If you did so on a wholesale basis (taking out loans intending to cancel your courses before tuition it due to raise money for other purposes), you might be engaged in loan fraud, but since student loans cannot be discharged in bankruptcy, while other loans can be discharged in bankruptcy, that would be a very stupid, self-defeating kind of fraud (which isn't to say that I haven't encountered it once or twice). Some tax preferred accounts (e.g. for retirement) have contribution limits based upon your taxable earned income, however, so while you could use student loan funds to put into those accounts, there would be strict limits on your contributions due to your low income.
Are there any federal or state laws in the US regulating which models can banks and money lenders use to decide for/against lending money to an individual? There aren't really safe harbors regarding what lenders can use. There are only laws that prohibit certain practices like discrimination in lending. Everything else is permitted. ow do you ensure that your AI model doesn't have a variable that indirectly or directly takes into account ethnicity when making a decision). Using a &quot;black box&quot; machine learning or AI model is inherently risky legally because it isn't transparent and there is no good way to demonstrate that discriminatory effects aren't due to to discriminatory factors as opposed to neutral factors. AI models tend to pick up on impermissible factors by attaching weight to factors that aren't substantively important, but are correlated strongly with impermissible factors, for example, assigning different weights to different surnames. On the other hand, if you can spell out the precise formula by which your model is constructed (in a closed court proceeding if necessary to preserve trade secrets) and can demonstrate that no impermissible factors are considered, directly or indirectly, then your mathematical model is very likely to be upheld as legal and permissible.
There is nothing illegal with doing this (absent specific contractual terms or industry regulations to the contrary in particular cases, e.g. in the case of export controlled high technology products). This is called operating a wholesale business or operating as a broker. Lots of legitimate legal businesses have this business model.
Apparently not The full text of the license is not included on the page you link to, or on any linked page that I checked. But the FAQ says: free educational licenses can be used strictly for non-commercial educational purposes (including academic research). Exactly how this company defines &quot;non-commercial educational purposes&quot; is not stated. If work is done on a student project, and after a non-student license is purchased that project is commercialized, would the license have been violated, and if so, would the company be likely to sue? The fist question cannot be answered without the full text of the license, and the second would require reading the minds of the company officials. But it seems reasonably clear that this is not what the company has in mind. Another user has pointed out a link to the actual license terms which I failed to note. Section 3.1 of the license says, in relevant part: ... JetBrains grants You a non-exclusive and non-transferable right to use each Product covered by the Toolbox Subscription for non-commercial, educational purposes only (including conducting academic research or providing educational services) ... This would seem to confirm what the FAQ quoted above says. It is hard to see how any development intended as an eventual commercial product would be covered under such a license term. It would appear that a regular non-student license would be needed for such use.
If you buy a house and your wife signs a quitclaim deed to you, that transfers to you whatever rights she has in the house. Similarly, if you and your wife sign an agreement that anything deposited in a particular bank account in your name would be your separate property, that would override the pre-nup as far as that account was concerned. Such an agreement could include a dollar limit per month or per year, or an explicit purpose, such as savings for a down payment. (It could be thought of as a gift to you of her share of any funds deposited.) Giving property to your parents or others with the understanding that it will be returned on your request might be seen as an attempt to evade the pre-nup, and a court might hold that the property was actually shared, if you ever do divorce. There might also be gift tax issues if the value is high enough. Whether asking your wife to agree to a quitclaim or any sort of agreement to modify the pre-nup would help or harm your marriage I cannot know, nor did you ask that. But I would think that for most people being open would work better than going behind a spouse's back. None of this should be taken as legal advice. I am not a lawyer.
My understanding is that the "flow-through" treatment is specifically a tax law concept. The LLC has its own income, which it can use to pay expenses or acquire assets or for whatever other purpose, and such assets become the property of the LLC. It's just that when it comes time to pay taxes, the LLC's net income is taxed as income to the owner. But that does not mean that the LLC's income is treated the same as the owner's income in all other legal contexts.
It's essentially a legally enshrined incentive for high net worth investors to supply capital, which is consistent with the other entities that qualify in § 230.501. It tends to come with increased access to riskier offerings, where the risk ensues from exempted registration. While nominal dollar thresholds typically get eroded away by inflation, they needed a line in the sand to represent financial sophistication. Speculation: I suspect the initial number was a ballpark attempt to approximate the point at which individuals (at that time) tended to be involved in more complex projects (e.g. certain hedges and ventures).
No, because you are affecting the car's value by selling its parts. The car is collateral to the loan, so if you don't make the payments, the lender has the right to repossess and resell it to recoup their money. If they are unable to recover at least the outstanding balance of the loan through resale, you will be on the hook for the difference. This is called a "deficiency balance". Simply having possession of something isn't adequate basis to decide you can do whatever you want with it. You have physical possession, but the lender is the first lien holder on the title until the loan is satisfied.