<prompt> Human: I moved back home a little while ago while Im still attending school. When I was on my own I took out some subsidized loans to help me with general expenses. This semester Im working part time which pays all my expenses and some to save. Also Im getting about 3000 back in loans. Next year Ill be applying for grad schools so I plan to save it as a safety net for myself. Ive heard things about high interest savings accounts.Any advice as for what I should to with the money to maximize returns is appreciated. Im pretty clueless with what to do with it.  <response>: You absolutely should not invest this money.As others have said, returning it is a good idea.However, since subsidized loans are not available for graduate school, I can understand why you would want to keep it in a high interest savings account.If you choose this course of action, be sure to use your earning to make payments on the loan while you are still doing undergrad. 