<p>What else do you need to use that savings for? Textbooks? Travel to and from school? How much money can you make this year with a part-time job on or near campus?</p>
<p>Could you set aside half of your savings for those kinds of expenses and take a loan for say $3000? Would that kind of option make you feel better?</p>
<p>Frankly, while I’m usually all about avoiding loans, I hate to see you burn through all of your savings in one year. I’d prefer that you have a bit of cash on hand for the “unexpected”.</p>