I saved a lot from my job while living with my folks before med school began. I managed to saved up a good chunk of money (about $18k or so) that I've put into an emigrant account at 5% interest as my emergency stash. Luckily, I haven't had any emergencies since school began and the cash is still there, sitting and gaining interest. My problem is that I'm not sure what to do with it. I still receive max loans form my school to pay for tuition and living expenses, which come out to about $55k/year. This is a lot of money and I'm worried about paying it off when I'm all done. But I also appreciate having a safety blanket of cash just in case, and there are some expenses that I can see coming - for example, my car is getting old. However, I am insured well enough that I can cover the premiums in case anything happens to me, and I dont think i need as much money as I have for an emergency fund since I live in a low cost of living area. What's the best that I can do with my money? Keep it liquid and safe it where it is, invest some of it, or use it to pay off some loans right away. Or, should I save it until the end of med school and then pay back my 8.5% interest loans? I'm also interested in a Roth IRA because I heard that I can take money out of it penalty-free to buy my first house, and that would be great. Thanks for your suggestions. By the way, I'm a ms2.