<human>: I'm in the enviable position of being part of the last Cooper Union class to receive full tuition scholarships. To make things even better, my family would have been just barely capable of paying for a full private college education without a loan.

I will be spending $11,000 for first year accommodation, and I don't see that figure going down. I estimate I'll spend another $10k for living costs, textbooks, food, and flights back home (I live in India - way to confirm stereotypes).

I have about $5000 of my own savings and in addition to the money my parents will give me to cover expenses, I'll be earning between $50 and $400 per week by tutoring juniors over Skype. Obviously, this is not a huge amount of money and my parents will be helping me out a lot.

What I would appreciate is advice on how to effectively manage my finances/accounts and how to invest my money. I'm lucky that I won't be a slave to debt, and I want to make the most of the headstart.

How should I best plan my spending on food/entertainment/etc? How should I invest my $5000 in a manner that teaches me about investment (I don't mind losing money) in a way so that after 4 years of college, when I start to bring home $60k+ (either here or back in India), I know how to manage my cash and how to invest it well.

I apologise for any problems with my English.

Can you succinctly summarize the text in 1-3 sentences?
<bot>: Full scholarship. Parents paying room and living expenses. Has $5k savings. Wants to learn how to manage money and invest for the future.