<prompt> Human: Hello everyone!I am a college student with one year left of undergrad. I have a scholarship that covers half of my college costs, and my parents cover the other half I currently have no debt. I am pursing a graduate school PA school and will have to take out student loans to pay for it roughly 80-100k. I have 10,000 in savings and need some advice on the smartest way to use this money.Currently, I have 5k sitting in a savings account 0.01 interest and 5k invested in three mutual funds I dont know much about them, my dad helped me pick them. I am not sure whether to invest this money for the long term, or save it for grad school, or just let it sit in savings and avoid losing money by investing. Any advice is greatly appreciated : Thank you!  <response>: Simple answer: Dont save for the long term; use the money to pay for living expenses andor tuition. Unless you get a really low interest rate on your loans 6, the interest on the 80-100k loan will most likely grow faster than the returns on your mutual fund. 