<prompt> Human: My grandfathers will left me a little bit of money About 4,800Currently I have 3 outstanding student loans. Wanting to get out of debt as quickly as possible should I use the money to pay off one loan? And if so which one of these:1. 4,727.57 - 4.5 fixed rate2. 3,877.23 - 5.6 fixed rate3. 3,024.24 - 6 fixed rateNumber 2 seems to be gaining the most interest, and thats what my gut tells me. Help me Reddit!  <response>: Yes, the second loan is accruing the most interest, but thats not what you should use to make a decision.The interest rate is the amount of interest you accrue per dollar. Since you are going to pay the same dollar amount regardless of the loan, you want to pay the one which would have accrued the most interest without the extra payment. That is always the highest rate loan, or the third one in your list. 