Over the past couple of years, I have been considering whether or not I want to take the loan offered to cadets/midshipmen (who are juniors) by Navy Federal/USAA. After careful deliberation, I have decided that I would like to take it for several reasons: to pay off a student loan that I have, buy a used car for under 10k, have money for the class ring that I would like, and invest the rest of it. My question for grads (who have or have not taken the loan) is, is this a good plan? How did it turn out for you, and (for those who took it) were you able to pay it off without a problem? I'm trying to determine what I'm in for in the future, especially as someone who has not handled this kind of money before. Thank you for your help!