Suppose you are going to start medical school in a year or two. Because you have been a working adult for many years and you are decent with your money, especially considering you live in one of the most expensive cities in the country, you have saved more than 100K. Your spouse is totally on board with you going to medical school but you really try to avoid debt at all costs. However, you worked really, really hard to save this money and would hope you'd have something left by the time you finish medical school. Would you: 1. Take out loans anyway; keep the money for something else in the future, like a house 2. Use up everything you've ever saved, as long as your spouse is okay with that 3. Take out loans for part of your time in medical school and use some of the savings I know it depends on where you go to school, in terms of tuition, and where you end up living. But let's imagine your tuition is somewhere between 38-50K and your spouse will probably be supporting your behind while you're in school in terms of paying for housing and food.