Should I buy a house? Or use my loan for apartment living in college?

I live in a small, nice, convenient apartment but need a $7,500 loan to pay semester rent. No utilities.

I don't want a job cause I am graduating in May, but have no debt, no prior student loans.

Now, with the $7,500 loan, should I pay for the rent, should I buy or rent (with option to buy) a house, or last, should I make some kind of other investment with the money that will generate more money.

I really need some advice on the situation because I would like to take on an entrenprenural endeavor but I also want to see the money work for me since it is my first and only loan or debt?.!?!?!?!

This is not a simple question.
Yes, it is usually better to buy vs. rent ...
I explain why here: http://sampabon.blogspot.com/2007/02/buy...

But, there's a number of things to consider.
You mention that you don't want a job right now, but you would have to be able to show a source of reliable income to qualify for a mortgage.

Also, with the way the mortgage market is today ... you need to shoot for a credit score of at least 620, preferably 700+. If you're not sure what your credit score is, you are entitled to a free copy of your credit report once every 12 months (might vary from state to state) and you can check your score from the three main credit bureaus at: http://www.freecreditreport.com

You should always seek the advice of a qualified professional. Use a Realtor to help you with property, use a Mortgage Planner to help with a mortgage loan, use a financial advisor for your questions regarding short/long term investments ...

Good Luck.

You will have a very difficult time getting a mortgage because you do not have any income. And if this is your first loan or line of credit, your credit score will be low so you really wont get a loan. Put it into a set of certificate of deposits. Esp with a 6 month type duration and spread the money over sx months. That way you will have a reserve that comes due each month. You might want to try to get a credit card (secured if need be) so you can start est credit lines and score

its always better to own u will watch ur investment grow and the equity will acru within 5 yrs. renting is liek flushign ur money down the toliet.