<prompt> Human: Im a young professional going back to school for a masters degree. There is a significant tuition waiver involved that will help me get a masters degree with low tuition costs, so I dont need to take out a large loan. The loans will go towards paying bills and daily living expenses while I am unable to work full time as a student. My university is offering me way more money than I need. Should I take it all just to be safe? Would it be better to take exactly what I need?  <response>: Dont take more debt than you need. You will likely rack up more interest than you can earn on the extra money. If you need the money later you can take it later at any point during the school year.If its grant money, then go ahead, but theres no need to take a loan early, since that just makes it more expensive than if you borrowed it when you need it. 