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I had three student loans, and I am doing it the mathematically correct way. I paid off the second-largest with the highest interest rate before it came out of deferment, and am currently working on 2 and 3, putting all the spare cash into the one with the biggest interest rate.

It's really not psychologically difficult at all, except it's slightly more effort to pay two bills each month instead of one (since I could have afforded to pay off the smaller but lower interest rate one already had I not put that money into the higher interest rate one.)



Can't you instruct your bank to automate the paying?


Yes, but I'm usually paying more than the payment amount on the high interest one. How much has to be done manually, since my income fluctuates.


It would be nice to tell the bank to just pay anything in your account above a certain balance.




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