Going To Business School, How to Invest/Save Now

[scotttryingtosave]

I'm 24 years old making $75,000 as a digital marketing manager. I know I will go to business school in the next five years. I currently have $75,000 in a savings account making 0.75% interest. I add between $500 and $1000 to this every month.

Should I hold off on investing all of this and continue to save money with the goal of taking very little student loans when I do go to business school?
Should I invest part of it?
Should I put less into it each month and start funding a 401k (my current company does not match) or Roth IRA?

I would like to be in as little debt as possible when I graduate, but I also don't want to have my money doing nothing for me while I continue to work.

[Nutria]

"Five years" is short term, and short term money should be invested in very safe products. In 2016, that is *not* the stock market. It's going down and probably won't recover by 2021.

I'd think about buying bonds with a 4.5 to 5 year maturity (since they'll pay a higher interest rate than a bank) and hold them until maturity. (Note: this is not buying bond funds, but actual bonds.)