bdpb wrote:Put everything else towards the debt. Pay the minimum on each loan. Pay the extra towards the 17k loan. Although it's rate is not the highest, it is the smallest loan. Once it's paid, it will free up cash flow to continue paying the other loans.
Note: paying off the smallest loan fast feels good, but focusing on the highest interest is most beneficial in the long run. If you have enough patience, pay off the highest interest loan first.
Free cash flow is a good thing, but it's treacherous: if you're disciplined, you don't need it so much; if not, you will misuse it.
bdpb wrote:Check your 401k for loan options. 401k loans are often much cheaper than these loans. Borrow from the 401k to pay these debts. At least until your student loan interest no longer exceeds 2.5k.
Good idea, but be careful: 401(k) loans are for 5 years (large payments) and are accelerated if you lose/change the job (penalty land).