<p>I took out a $3500 unsubsidized Stafford loan from Citibank my freshman year. I didn't really need to take out the loan, since I could have just taken $3500 from my own bank account. My parents have pressured me to apply for a renewal of my Stafford loan, since its interest rate is lower than any parent loans that my parents will have to take out eventually. </p>
<p>My question is: since I can afford it, should I start paying back my first loan, even if I'm planning on taking out a second?</p>