<prompt> Human: Hello PFCurrently I have private loans from Wells Fargo; one for 8k at 7 and the other at 1k at 4.75. Over the past 4 years the 8k Loan has accrued around 2,160 in interest while the 1k Loan has accrued 170.My question is trying to figure out how much I should be shelling out each month to pay them off I make around 2,500 per month post taxes and still live at home with no other major expenses. I should also mention the interest is calculated every 3 months. One plan was to pay 800 from now up until next October November but that would cause me to pay more in interest.Another plan was to pay 1,300 to 1,600 per month to get it over with probably by April May June. However, if I do take this route should I pay off the 1k Loan in full first or work on both simultaneously? It would be nice to have one less loan to worry about but unfortunately its the one with the lower interest rate.  <response>: Pay as often as you can as much as you can. Focus on the higher rate loan, pay minimum payments on the other. 