<prompt> Human: Are They right? Im working on paying off a high interest rate loan and have 1 stafford loan with 4.67 interest rate and one BOA loan with 3.5 interest rate. After I pay off my sky high Sallie Mae loan should I do what they say and continue to pay the minimum on the other loans?  <response>: Anytime someone tells you that paying minimums on your student debt, car loan, mortgage ect is ONLY CORRECT if you are1 INVESTING the money that you would otherwise be paying extra into an accountAnd2 that other investment account is getting you a better interest rate in your favor than your debt is charging against you. For example- you have 10,000 student loan with a 100 minimum and a 5 interest rate. You have 300 every month to pay the loan and then do something else with. If you can find an investment percentage 5 then pay the 100 minimum and put 200 in the investment account. If you cant guarantee yourself an investment that good- then you will get the best bang for your buck by paying 300 towards the loan. Thats a 5 rate of return right there. If you take your 200 and buy a case of beer 5 mimosas and a two Xbox games then you have a return on investment of 0 and you lose. 