<prompt> Human: Just transferd over to a university and my financial aid offer was a small Pell Grant1000, a 2750 subsidized loan and a 3500 unsubsidized loan. I am paying on a 3000 student loan from a semester at a different university in 2011. My charges for classes are right under 3000. Disregarding interest rate, should I take all that is offered and get a small car to commute or just take what I need and continue to ride the bus everywhere?  <response>: Take ONLY what you really need. If you NEED a car, go for it, but maybe you could get a better rate on an actual car-loan or lease. If you can manage riding the bus, that may be a wise choice.SERIOUS ADVICE: Do not ignore interest, especially compound interest. Many loans have rules about how unpaid interest can be compounded, meaning your loan gets BIGGER. I know that right now it feels like your getting free money, but the more loans you have, the more cash-flow you need to pay them back once they go into repayment. If you can rely on some income while in school, then youre better off. If you dont have timeenergy to work, then focus on doing what you can to be immediately hired once you graduate. Yeah I know that may be daunting but there is nothing more abrupt and disturbing than getting your loan bills in the mail before your diploma even arrives. 