<prompt> Human: After about four and a half years of being idle, I think I am finally in a good place to turn my student loan burden into annoyance instead of ball and chain on my entire life I have a job that pays 41,000 a year plus a vehicle with all expenses covered. I have 19,000 cash on hand. I have an IRA through work and a life insurance plan, so Im not ignoring retirement. My Stafford loans are at 19,000 330 per month 6.5 max interest, Its still a mix of subsidized and subsidized loans and I also pay for the parent plus loan my parents took out for me which is at 52,000. 850 a month, but Ive paid 1,000 a month for most of my payments. I still live with my parents so after the loans, the rest of my paychecks have been stashed. It also looks like Ill be getting several hours of overtime for the next two months or so, so Ill have more coming in. My job is fine, but I am very eager to make a change and move to a larger city and start building my own life. 1,300 a month payments keeps a lot of doors shut. I have enough, or close to enough to pay off all the loans in my name. Id like to get more of a safety net of cash 25,000? before paying off those loans. But I can bide my time until then. Meanwhile, Id be thrilled if there was a way I could take on the Parent Plus Loan, whether through some kind of personal loan or some other method, get it off of my parents name and formally into my name while reducing the monthly payment to something more manageable. Not only would I like to help out my parents credit wise, getting information about that loan is kind of like pulling teeth sometimes. For instance, Im not totally sure of the interest rate on that loan, but I believe it is 8 or 9 It would be much better overall if I could directly manage that loan. Both loans have about five years left on them. Any suggestions on a gameplan going forward? Its not an urgent matter, in fact, Im planning on studying for this certification which will take me several more months, possibly up to another year, to build up a warchest and keep making payments. Id be happy to hear of any ideas, whether Im on the right track, whether I should do something close, or if Im off entirely. Thank you!  <response>: You live with your parents. Why do you need so much cash?If i were you, id use some of that 19k to reduce whatever loan has the highest interest rate. Standard rule of thumb is to keep a few months of expenses in a savings account, and 19k is WAY more than a few months for your current situation.Even if you move out, 19k is overkill. For comparison, I have a mortgage and im happy with my 15k emergency fund.Also: inb4 someone tells you to screw your parents on the Parent Plus Loan. 