<prompt> Human: 4 years of being out of school and today I had a bit of extra money in my bank account, so I made a lump sum payment and paid off the remaining balance of my loan. It feels really good.I used a loan calculator to determine the cost of borrowing for my original 10 year repayment term vs the 4 year term that I ended up with. Theres a difference of about 8000. Thats 8000 that I would have handed over to the bank over the next 6 years had I just made the minimum payments on my loan.Its something to think about for those of you with loans. One dollar spent now is one dollar with interest compounded over the remaining life of your loan that you dont have to give away to the bank. With that thought in the back of my mind, Ive been making the decision to delay gratification and pay off my loans with my extra spending money every paycheque. I would recommend to people with loans to put a small amount of extra money into your loan every time you get paid. It doesnt have to be much, maybe only 20-50 if you can afford it, but it does wonders to decreasing the term length of your loan, which in turn saves you a lot of money in the end.Edit: quick note because a lot of people are asking, but my interest rate on the loan was 6.5. I also have an employer-matched pension that I pay into every month. I think Id be hard pressed to find an investment with better than a 6.5 guaranteed return. Edit 2: I work as a physiotherapist, and annually I earn 65-70k, with a take home of about 35k.50k.  <response>: LETS HEAR FOR A DEBT FREE SCREAM.. 3...2...1... 