<prompt> Human: So Im just about to start paying off my loans, and Ive had the advice to pay off the loan with the highest interst rate drilled into my head. However, looking at the total compounded interest over 10 years, the low-interest high principal loan is still more expensive than the high-interest low principal. Should I focus on the former?  <response>: The amount of the loans dont matter. One loan of 10,000 at 10 interest is the same as two 5,000 loans at 10 or 10,000 1 loans.If you treat the total of the debts as just a bunch of 1 loans at different interest rates, then every dollar is better spent paying off the 1 loans with the highest interest rates. 