u/Icy_Bus_6055

I am getting a $323 weekly payment that goes on top of my student loan, meaning I have to pay it back but with O interest any time after my studies are done at uni (4+ years). I only signed up for this weekly payment because my idea was to invest it or put it into a term deposit so that when l am done with uni in 4 years I will have made money off it (because no interest). I am wondering whether I invest this into s&p 500 or into a term deposit. I want no risk involved as it is not my money and do not want to end up in debt. I've heard many experienced investors say that s&p500 will slow down its returns soon which I am sceptical about.

Just wondering what your guys opinions are on this.