<prompt> Human: I got a loan my freshman year for 5,500. In a little over a year my 4.66 interest rate has raised that number to 5,731.01. I did not take out any loans for my sophomore year so that number wont be going up dramatically anytime soon.I want to start paying this off but I want to make sure I set up an automatic payment that covers the interest rate and a little off the top of the total. I dont really understand interest rates and Im no good at math art student. What is the minimum that I should be paying so that I can knock this debt out asap?  <response>: Your current interest is around 20-25 per month. So paying more than that per month will drop the amount total and also drop the interest over time. 