<prompt> Human: I make about 500 a week after tax, and live in the California. Currently, I have to pay for car payments, rent, my parents PLUS loan, and my current student loan. I currently have about 16300 in Stafford student loan that is split into two groups. The first groups current principle is at 3200, and it has a interest of 5.5. For the second groups, 3100 has an interest of 4.25, and the rest of the 10000 is at 3.15.For this year, I paid 75 a month to the 5.5 group of loans, and 175 a month for the second group. According to my math, I will paid an estimated 800 for interest in 2016. The rest of the 2200 goes to my principle. My question is that with the student loan interest tax deduction being at 2500, is there any benefit of paying faster?  <response>: The interest is not a credit, it just lowers your taxable income, so you still lose money on it. 