Of course it is always beter to pay off your student (or any) loan as fast as you can without living like a hermit. Paying your loans in a quickened schedule will save more over time. Plus more of that dollar is going to pay off the actual loan you took out. Considering many who are fresh out of college (and manage to get a 30,000 job) will also have credit card debt as well, considering paying off those things while you can still work 50 hour weeks and before you have o pay for things like ...