<prompt> Human: I recently won a grand prize from an internet competition and will soon get 50,000. I come from a below-poverty level socioeconomic background and I have no idea how I should use the money; saving, investing and budgeting large sums of money is something I have zero experience in or even a real life example of, so any and all help or advice is very much appreciated!Background on myself and my situation: Im a 21 year old University student with a year left in undergrad. My parents financial situation means that I get most of my college paid for with financial aid, but I still currently have 20K in student loans and will graduate undergrad with 30K in student loans most likely. After I get my bachelors degree, I plan on going to medical school or getting a doctorate in physical therapy, which means I will most likely acrue anywhere from 50-150K more in student loan debt before graduating with my doctorateMD and starting my professional career. I am not sure how much money to set aside for taxes on the winnings, and I know that Id like to set aside around 5,000 to buy my family a used car and help them with some fanancial needs. Past that I have no idea how I should use the money, and have been mostly advised to either put it all into student loans or put most of it into loans and use some for savingsinvesting.  <response>: They will withhold 20 for federal taxes. You may lose some of your financial aid due to the windfall 