Student loan providers allow you to borrow much more than the cost of school. You can borrow the “cost of living” amount. Law schools will figure in room, board, books, transportation, food, etc, and loan providers will give you up to that much. For example: my law school tuition was $27k/year. My cost of living adjustment was $45k-ish a year. Now the cost of living varies depending on where you are (I was D.C., so my cost of living was very high).

Student loan providers will *not* verify that you are using your money in the appropriate manner (e.g. will not ensure that the $10k for room and board is actually being used for room and board). Therefore, you can take out the maximum, live with you parents, and use the extra loan monies to pay for your bills.