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sephiroth3650 t1_jadmd9x wrote

No brainer to me. You pay down the 18% interest loan first. You're paying nearly 4x the interest on that debt. Paying the student loan first will free up some monthly cashflow, but will cost you much more in interest in the long run. The only motivation to do that is if you're struggling to make your payments every month.

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Shav988 t1_jado4xz wrote

Thank you! My monthly payment on my student loan is $250, but I think it’s a good idea to focus on the personal loan first so I don’t end up paying tons in interest

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