I just started the process of paying off my outrageous student loans. I have part fed loans and part private loans. I'm very happy with the interest rate on the fed loans since I already locked in the rate last year, but OMG... I just noticed the interest rate for my private loans, they are about to hit 10% this month!! I did a calculation and realize 1/2 of my monthly payment goes toward paying off the interest rate alone! What the mother bleeping is going on here!! :evil: That money could have gone to my bag fund or other investments... Arrrrgggggg!! So I made a decision: I'm going to see if I can pay off my private loans in 1.5 years because I CANNOT STAND seeing the bank profit that much interest off of me. As for the fed loans, I'll just take my time. Anyone got a better idea?