This may be a stupid question, but I figure all y'all might have some input on this. I keep hearing that the interest rates on loans for school are so low that it seems that everyone just takes their time paying them back. My question is, if I had a fair amount of money saved up, what should I do with it? Should I use it all on tuition and living expenses? Or should I take out all the loans I can, and save what little I have for a rainy day or an emergency? Or should I try to wisely invest it and live off loans? It may be a dumb question, but I'm not much of a financial guru. Keep in mind I am married and will be having a child in June. My wife is also diabetic, if that would change your answer. Any suggestions would be appreciated (other than giving the money away).