That's hard to answer because how much money do you have? Will you be getting the same amount of money? How would you live if that money wasn't available?

But the more important thing is, do you want to have fun now? Do you want to go out, party, vacation, hit up the clubs? Or do you want to stay home, save money. Maybe buy computer gear and AR or whatever the new fads are as they come? Maybe you want to save and go on vacation 3-4 times a year. Or maybe you want to save completely, get to a $1/$2/$10/$30M and then retire and do what you want to do. So when you answer that more clearly it helps to kinda figure out what you want to do.

Now if you want to have fun and enjoy your school career, I wouldn't put any money in the market, I would just go spend it. The reason being is your career should pay well. Now are you good at it?

Are you going to go for a FAANG job or a regular job? Do you want to work for someone or start your own business? Maybe instead of investing in the market, invest in a tool, like something that is going to change how everything works, for example, you think AR is the future and VR is crap, so the first AR device can be purchased, or you want to get the first Neurolink and solve dementia or whatever.

Suppose you have decided you are going to work for someone, then you want to put the money in the market somewhere and don't want to learn any new tech because you are focusing on school. YOu have to decide, do I want to swing for the fences or use a lazy portfolio. So if it's the former you can buy stocks that are the next AAPL like TLSA, or the stock you think is the next TSLA. You can split it up in a few stocks if you think you can pick better than the average market. Alternatively, you can go with the lazy portfolio and just throw it into Index funds knowing in 20 years you will be golden, and since you are going to get a decent job you will be able to contribute each month and grow it and life a safe life. To do this, look up bogleheads lazy portfolio or canadian couch portfolio in Canada.

Now if you really want to live life, and say you wanted to spend $1000 on a party, you go and risk that and put it on options. Turn that into $10K and go and buy a $10,000 on a bigger party instead. But you could end up finishing school with no money. Seriously, don't try this, I am sure most of #wallstreetbets does that.

However, it all depends on the life you want to live.

Note: Posted this comment a few months ago on Reddit and it applies to you as well.