<prompt> Human: I have officially signed the paperwork and will be receiving the money by September. I am a college student and probably graduating with close to 100k in loans. My parents have paid for some of my college, but the rest is on me and their income bracket was too high for me to receive financial aid. I have three more years of school left, and am planning on pursuing a PhD which will be a fully funded program. I also have a small emergency savings, and will be working throughout the course of the semester and over the summer at my college. Would it be wise to take that money and pay my last two years of school with it? Or do I invest some of it and grow it and pay off my loans at the end of my four years? Or how else would you go about handling this money.  <response>: Pay off the loans. Then invest when you get a job 