Do/have any of you live(d) off student loans while attending undergraduate school? I accepted a small, federal loan last year that doesn't accrue interest while I'm in school and just paid off my tuition and books: I still had to work 40-50 hours a week while attending school. I only managed a B average. I want to apply to graduate school for next year (masters in statistics) so I need straight A's this year. But I've been having to work crazy hours and it just hasn't been possible. I've heard of people living off their student loans. I looked into one offered by Discover and I'm eligible for it with a cosigner. With two years of a masters and this final year of school I would be looking at 3 years of loans...then a job that pays 70k a year entry-level in my area. I would need to ask my dad to cosign (eep!) But if he says yes...is this plausible? Or ridiculously stupid?