<prompt> Human: So I have a few federal loans Id like to pay off. My mom gave me some money to go towards it, and Im going to use some of my own as well. Ill be paying 2000 off.Here are the current loans I have:Balance Interest Rate Monthly---------6,560.13 3.40 80.356,379.71 6.50 85.276,856.03 6.50 90.581,396.64 3.15 16.183,231.36 3.61 38.12So obviously, I want to pay off the big ones with the 6.55 interest rate first. But my thinking was if I pay off one of the smaller ones, I can use that money that I wont be paying each month to go back to paying off the large ones.Is that stupid to think, or should I just pay off the largest one with 6.55 interest rate?Monthly payment is no problem for me, so Im not interested in paying less.Edit: I will be paying off the largest loan first. Thanks for everyones help!  <response>: Mathematically it is more efficient to pay the highest interest rate debt first. This is called the avalanche methodThe snowball method works as well, which is to pay the lowest balance loans first and then use that extra money toward the next loan. This method is nice because it has a psychological impact of getting rid of individual loans faster. Also it frees up some cash flow in case you run into a problem.Really either way is better than just paying the minimums every month, do whichever works best for you. 