What to spend a large amount of money on?Watch
But a holiday is a "non"investment. A car is a liability at most universities as they are expensive to run and most uni's don't allow on campus parking.
If it was me (boring) I would shove it in a high interest rainy day account for uni. You will hopefully never be more hard up than when a uni student. Having a fall back is good and perhaps the deceased would be happy to know that it wasn't blown on instant gratification but on "your future"
I'd put it towards a deposit on a mortgage - it's so difficult to get onto the property ladder these days. I'd rather that than a holiday -you can take holidays when you're working and earning. Really it depends on your priorities and life goals.
Posted from TSR Mobile