<prompt> Human: Im considering using it as a means to buy a cheap house...or is there something more interesting I can do with it? Or, does need to just be pad back?Edit: to clarify, I just finished school and managed to just use the money for tuition. I was able to pay my own living expenses. I kept the additional loan money, just in case.  <response>: Christ, pay back your loans. Its not free money. You are not allowed to just use that money on whatever nonsense you want. You probably wont get caught, but in this, the personal finance sub, we generally recommend that you dont take out a loan to use as a down payment on a bigger loan. Thats really irresponsible - and if the mortgage lender figures it out, theyll reject you. 