Financial Advice for someone 3 months out of prison

I am 27 years old and finished a 5 year prison sentence in March. I am in bad shape financially. I had about $10k that had been sitting in an account when I got out. I have no job or any real prospects of one. I have $700 a month restitution payments for 60 months which have to be payed to the courthouse with cash or certified check or else I violate conditions of parole. I am in a very untenable position financially.

I tried to get a job but haven't been able to even secure minimum wage work. I have a bachelors degree but its just a piece of paper with no value anymore. I don't have any connections anymore to get work because I have to live with my parents away from where I went to college and worked for a year before I was sent to prison.

After researching some of the laws regarding restitution and parole and talking with my parole officer, I discovered that the only way to suspend payments of the restitution would be to go back to school. I have applied and been accepted at the closest university for grad school. It is a us news top 20 university. Tuition is 40k per year. I have been offered 20k in scholarships based on a high standardized test. The program I am interested in is 3 years. So I would need to borrow a minimum of 60k.

Now even though I can defer these restitution payments which I cannot make for much longer, I still have to settle them eventually. What happens according to the law is that as long as I am in school they are suspended interest free. But when I am no longer enrolled they come back, the state by law will extend probation for 3 years if the sum is not paid which subjects me to great liability. Going back to school seems like my only option for several reasons: deferral of payments, getting back in a network to be able to produce income etc.

Now here's where I'm not sure what to do, if I pay off the entire sum of restitution early they will terminate my parole after 30 months. My thought was to relieve myself of the liability of having to go back to jail for some arbitrary and arcane rule violation because my PO doesn't like me or for whatever was to borrow in excess of the needed 20k per year and pay the restitution off with student loans. My only concern is not being able to pay this off when the payments start. On the contrary, if I were to pay it off early and get off supervision I would be able to get state licensing again in my old profession or what will most likely be my new one.

To be able to pay it off and have money to live off of I would need to borrow at least 100-120k over 3 years. I guess around half of this would be what they call GradPlus loans which I am not too familiar with and the other half the Stafford loans. They are done through the financial aid office of the school and I haven't spoken with them yet because I have until June 20 to pay my tuition deposit.

Any advice or things that I haven't thought of?

Ive been reading the stuff on here for the few months Ive been out and now I need some advice and would appreciate the help.