Bristol Palin ISN'T Going to College in Arizona, Insider Says — Exclusive!

Bristol may have bought that big house in Maricopa, but it wasn’t because she wants to attend Ariziona State University. A source tells HollywoodLife.com exclusively that the deal on her five-bedroom spread was just to good to pass up!

Everyone is wondering why Bristol Palin made the big move of buying a house in Maricopa, Ariz. And now a source close to the Palin family tells us that it came down to grabbing an opportunity to get hold of a great investment property.

We know Bristol, 20, isn’t enrolled in classes at Arizona State, now that our source confirms what state university officials already had told us. So that eliminates one element of the widespread speculation about Bristol putting down roots in Arizona after her turn on Dancing With The Stars. In fact, Bristol has spent the past few weeks back home in Alaska, our source says.

The insider goes onto say that Bristol is smart about her money and wanted to make a good investment. She even kept the selling price of $172,000 from being inflated by not revealing to the sellers that she was the buyer!

She had scouted communities elsewhere but found the Maricopa deal to be a real steal. She paid in cash, our source says, for the house in Pinal County just south of Phoenix. The 3,900-square-foot home, which has 2-1/2 baths and a three-car garage, sold for $330,000 in 2006.

So much for Bristol moving to Arizona to be with her boyfriend — or being part of a move by Sarah Palin and the whole clan to set up a presidential run by Mom.

But we’ll see!