Financial question about loans.

[valkairon]

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I am taking out loans to pay for dental school. I recieved an extra 4K this quarter for my personal use. If it keeps up like this that's 4k for 4 quaters each year for 4 years which is 64K. It seems kind of superfluous so I'm wondering if I should give back half each time or just save it all and I'll have a nice little reserve by the time I graduate. It's already accruing interest though, and I'm already going to owe a lot,so what's another 64K? ha. I don't know. What should I do?

 

[vinnie83]

You have to pay back everything you borrow with interest and my recommendation is to borrow as little as possible. 64k is still a lot of money even when compared to private school tuition.

While it would be nice to have a some savings/cash on hand during school and to hold you over until you can find a job 64k is probably more than needed.