Taking out loan for dumb/no reason?
I'm expecting to graduate May 2027 with a B.S. in mechanical engineering with no current plans of grad studies. The price to attend next year is looking at $12k total. I have 6k right now(checkings, savings, investments) and expecting to net $11k over the summer through work. My parents and I split costs about 40/60(me). All 3 years have been paid out of pocket, no debt. My parents are in their 60s working labor though and only getting older, so I feel increasingly more guilt as they pay and a sense to pay them back.
With that, I was thinking of the $5500 subsidized loans to take on the full year's cost. My expenses look around $500/month as I live at home. I was thinking of a potential graduation trip to europe with friends that may cost 2-3k.
My whole reasoning for taking the loan is to have more cash to fall back on after full year's cost + a grad trip, with loan repayment relying on me getting a full time job. Thoughts?
Edit: Haha I ended up declining the federal loans after seeing the responses. I forgot to mention that I work part-time during school too so it'll work out