<prompt> Human: My family was well off in the nineties, but quickly lost all of our money in the early 2000s. Since 2004, I have lived with a single parent under the poverty line. I was recently accepted to NYU, which costs approximately 60,000 per year. Ironically, my low income status has gifted me a full tuition scholarship; however, there are still approximately 15,000 of uncovered costs per year in room and board and other fees. NYU offers loans to cover these costs, and offers a workstudy program to cover about 3000 of that fifteen grand. I am applying to scholarships to lower the remainder as well.Realistically, it seems as though I will be taking between 7000 and 9000 in loans every year to cover the costs of my education. To someone who has lived on just over two times per annum, that seems like a lot of money. My question to you is threefold: 1 How can I minimize the amount of money I will have to borrow, 2 what is the least expensive way to pay off my debt in the long run, and 3 how can I make money in college to ease my transition into paying for these loans upon my graduation from this school?I heard on reddit a while ago about someone who took out a supplementary loan or something like that, invested it for a year, then repaid the loan at the end of the year, building credit and reaping a reward? Is this valid?I want to say thanks in advance. Im a little lost here.  <response>: As an NYU student I say youre on the lucky side for an NYU kid. I know people taking their entire tuition!!! in loans and will graduate with 240k in loans. Are you sure youre getting 15k loans for room and board in addition to the 60k financial aid? 60k is the cost including room and board. 