I don't have a family, but my BF (soon to be DH) and I own a house and cars, etc. It's worth it for us to take the money out now and continue living here with the cars, etc. We will definitely cut back on certain things and may not need the whole amount. We just want to have it just in case. The staffords will just cover my tuition, so the additional $46k will be for us to live on for the next year (we included summer in our planning in case I don't find a paying job). He also has a salary (40k), so I think we'll be good.