<prompt> Human: A little background: I am finishing up my last year of my B.S. degree at a large public university, with a graduation date in May 2015. I have a part-time student worker job with a fair amount of job security, and I live in very affordable off-campus housing with access to cooking facilities. Here is a breakdown of my current monthly cashflow:Income: 800Rentutilities: -330Internet: -70Foodmisc supplies: -200 Average 50week___Net income: 200I have about 550 in liquid, as-yet unallocated cash in my bank account. On top of this, I have 1500 in refunded student loan money in my savings. I expect to receive an additional 1500 in January. I plan on using this money as reserves to pay for my living expenses between when I graduate and when I find my first real job. If all goes according to plan, I will have 5500 five thousand five hundred, not a typo in Federal Student loans to pay of when i graduate.However, it is very tempting for me to delve into my loan reserves to purchase a cheap, private-party used car off of Craigslist. I previously had a car until June of this year, when repairs became too expensive and I had to sell it. I have a cheap bicycle, and public transit is adequate in the area where I live, but I really miss driving. How bad of an idea is it to buy a car now? Should I just wait until I graduate, have a job, and have money, or is buying a vehicle a defensible choice? I would need to cover the acquisition cost, fuel, insurance, and repairs for at least the next 9 months, and still have enough cash reserves to live off of until I find work.  <response>: what should I do with 1500 in student loans?Cry tears of joy. 