<prompt> Human: My FAFSA was processed super late and Im barely getting my grant of 6k. I took out 6k for loans. College is over for the summer, and I have 6k that Im scared Im going to spend unwisely. Is there any advice on what my next step should be? I know I should start paying off the interest for the loans so thats my first step. But then what? Should I pay the rest of them off?  <response>: Pay the entire loan off if you are worried about spending it unwisely. If you were super good with money, you could invest it and likely get a return since the cost of capital will be low, but in your case, it probably isnt worth it. 