I realized today that we have enough money sitting around in the bank to destroy all the interest before the loans enter repayment. Because I know we can get rid of the interest, it makes sense to get rid of our first loan as fast as possible. That way that loan won't continue to accumulate interest.
So I just requested a payoff amount and submitted a payment! As of tomorrow, loan #1 will be paid in full! It feels so good to have met that milestone, even though that loan only represents 2.5% of our total debt. (I have to say, I really understand the psychological appeal of the debt snowball starting with lowest balance and why some people would choose to pay their debt down that way.)
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