I'm a senior and plan to apply to medical school right after I graduate, so I'm basically taking a year off. The whole "go have fun and travel" thing is off the table - I need to work to support myself. However, I could either live at home or try to get by living with some friends in a city. My question has to do with how much "value" I'll get out of any possible money that I'd save by living at home. Besides that money, I otherwise have no assets. Say I save up 15k over the year. When I go to apply for grants/loans, how much will this be factored into how much grant money they'd be willing to give me? Here are the possible scenarios that I can imagine (including extremes): 1) They don't care about the 15k. Whatever grant money I'd have gotten without 15k they'll give me anyway, so the 15k cuts into loans. By the time I pay all of my loans back this 15k will be 20k (25? 30? I have no idea - what do you think?), making the 15k very "valuable." 2) On the other extreme is the opposite. They see the 15k and give me 15k less grant money. I doubt this is what would happen, since it would give people a disincentive to work before going to med. school. 3) The most likely alternative (I'm guessing) is somewhere in between. They'd see the 15k and give me a bit less grant money. The question becomes how much less. If I get 14k less grant money it seems obvious that I might as well enjoy myself and spend the money as I make it, or live with my friends. If I get 1k less grant money, it'd make a lot of sense to save it. Anyone have an idea of (ballpark) what to expect? By the way, in case it's not obvious, when I say grant money I'm referring to need-based aid.