<prompt> Human: Hi all, I have two remaining loans. A car loan 20k principal remaining, 0 apt, 400mo minimum payment and two consolidated student loans 30k total principal, 160mo minimum payment, 5 apr. Right now Im putting everything towards the car, as its there lower balance and higher monthly payment and im on course to finish paying it off in 2 years. The plan is to then put the extra 400mo gained towards the student loans until theyre done as well. Does this seem like they best course of action, or should I switch to putting extra towards the student loan, as its collecting interest  <response>: Pay off the student loan first. Its costing you more money. 