<prompt> Human: OK, so the ol Holiday Bonus is right around the corner and there are several philosophies as to which of my student loans I should pay off. Snowball method says, smaller loans have a big psychological effect, others will tell you to pay down the highest interest rate first.Ive been pounding my head against the pavement and was looking for some advice, or a source of information. If my highest interest loans have the smallest balance 4K 9 and my lower interest loans have the highest principals 25K 6 which one will see the money go further. Wouldnt the cost of the larger loan exceed to cost of the smaller loan regardless of interest rate, which says I should pay that one off first?  <response>: Snowball method says to pay off the 4,000 9 loan first. smallest amount owed firstAvalanche method says to pay off the 4,000 9 loan first. highest interest firstSo... my vote is that you should pay the 4,000 9 loan first.Either way, assuming its paid off in full, hey, one less loan to thinkworry about! 