<prompt> Human: Edit more details: my minimum payment is about 550. I make about 35,000 a year. For a while I was paying 600, then I was able to bump it up to a thousand, and now Im paying 1500 a month. It hurts to pay that much, but Im trying to make a huge dent as soon as possible. Interest adds about 14 everyday. And that decreases the dent I was hoping to make in the loan.  <response>: I earn interest daily. How do I get it down lower?Interest accumulating daily is standard for loans. The only ways to lower the amount of interest that accumulates is to either pay down the loan, or refinance at a lower interest rate. 