<prompt> Human: Sooo, this may be a rather obvious question, but I shall ask anyway.Im the father of a college-age son in the U.S. He is currently going to a state school, and was lucky enough to receive some scholarship money. But of course, on top of that, he is also getting some financial aid in federal Stafford loans. That covered most, but not all, of his bill, so we had to take out a personal loan in his name Sallie Mae to cover the rest. This pattern is likely to continue for his four years, so he will come out of college with a decent chunk of student debt, some in the form of lower-rate Federal loans, and some in the form of higher-rate personal loans.Unfortunately, Im not in a position, financially, to pay this stuff off, at least not now. To do so, I would have to take out my OWN loan, and likely at a higher rate than what he got.In the mean time, he is gainfully employed during the summer, and has made a commitment to save half of his money. Unasked by me, btw, which I thought was responsible of him. He was looking into putting the money into a savings account. However, its hard to find a savings account that even pays 1 interest right now, and even lower risk longer-term investments like CDs arent much higher. Meanwhile, the Sallie Mae loans are accruing interest at a rate somewhere around 6, although he doesnt actually have to pay on them until he graduates.So, it seems to me that the smartest financial choice for him would be to put any spare cash he can manage towards paying down the highest interest rate loan first, rather than putting it into savings.However, Im not super financially-savvy, so Im not sure if Im missing something here.Thoughts? Suggestions?Thanks in advance for your feedback!  <response>: Or, he could consider paying the money he earns towards the next semester. That avoids taking out as much in loans. 