<prompt> Human: First time posting here. Sorry if I make any mistakes. Background: I am a young college student going into my junior year and am trying to take initiative to minimize my student loan debt before I graduate. My parents are currently supporting me by paying for my food and loan payments until I graduate. I took the community college route and just finished up my first year at university after transferring. I am pursuing a bachelors in engineering which has an average salary of 70k a year.Predicament:I am not sure if I should drain my savings to pay for this years tuition. At the time of writing this post I have around 12k in my savings account. This more than covers tuition for the year 9k but not my housing 13k I go to school away from home and housing is expensive, so I would still have to rely on financial aid to continue to go to university. My parents feel like I should cover both tuition and housing with the loans because they fear that draining my funds might be problematic in the case of an emergency. 12k seems a little overkill for a student emergency, but nonetheless, that was their argument. I am already 22k in the hole from last year and if I cover this years tuition and housing with loans I will be 44k in the hole. If I decide to drain my savings I would be around 35k in debt with 3k in my savings account still. The loan is a parent plus loan and I am just thinking about how I can limit the interest Ill eventually have to pay back. I live pretty frugally already and I feel like 3k in my savings is fine for a student. Am I wrong for thinking this way? Thanks.  <response>: I would never take out a loan if I had the funds available to me but that is just me. I just finished paying off all my current debt and it feels fantastic. 