<prompt> Human: As the title suggests, I am currently in my final year and a half at my 4 year university and am debating paying my loans off outright or gradually paying them off like so many seem to do. I graduated HS about 4 years ago but dropped out of college because I was uncertain of my major and felt I was wasting time, money and energy on my studies went from engineering, to business admin, to finally something I find interesting and worthy enough for a degree: economics.So I worked for roughly 1 year and saved up roughly 15,000 and thanks to my current situation, which I am extremely blessed to have, I have very little expenses. I live at home no rent I pay for my own gas car is paid off, my netflix,Hulu, HBO split between friends - shared accounts and entertainment, and food is usually split with parents and I go out roughly 3-4 times a week. Basically I am down to 11,000 after buying a nice camera and other goodies and figure my last couple of semesters will run me approximately that much. My question is, should I take out loans to pay my last year of college or should I pay-out-of-pocket for these semesters?Currently have: 6,000 in loans through NelNet. Interest, if im not mistaken, is 6 on them. I know the title is not 100 accurate but I am just curious to know if it would be smarter to graduate with little debt or to have a nice nest egg of cash once graduating college to slowly start paying of those loans.What would be a smart move here? I really appreciate any advice!  <response>: Personally what I would do is use the money to pay down that student loan instantly. Debt is something that can be overwhelming and scary even though you arent short of the cash. Not having a ton of cash helps you live frugally. Being frugal can be very helpful its how the rich stay rich. My opinion, your finances are under control, you have a small amount of debt and there is no real reason to be in debt this early in your life. Go pay off the debt, live a little frugally and then use your paycheck to live your life debt free and wait until you feel that you have advanced enough income and savings you can put yourself back into debt when you feel youre ready. 