<prompt> Human: My situation is not complicated, but Im interested what the most popular method is to pay off my student loans would be. Here it is:Student loans: 23,000 6.8 interest. Minimum payment 300.Savings Account emergency fund: 14,000Bills: Rent 600, Utilities 100, Phone 90, Car Lease 285Take home pay: 3000monthI save about 500month into that savings account right now and just make the minimum payment on the student loan. Im on track to put another 10,000 into that savings account this year and my strategy is to basically empty it out in December 2015 and get rid of the student loans completely. I have a secure job. I can make that emergency fund back to 10,000 by December 2016. Should I continue with that strategy or should I be putting that savings account money into the student loans right now and stop putting 500m back into the savings account?  <response>: Youre throwing away money by not paying off the loans as you earn money. 