So for the first time I took a look at the details of my monthly student loan payment info and found out that of the roughly $320 I pay every month for my student loans $200 of that money goes to paying off the interest! How exactly is this legal? Why can't I pay off all the principal first, then all the interest? I looked at the estimate, and at the rate I am paying off my student loans I won't be done paying them off until about 2032! LOL my one consolidated loan for $35K has a monthly payment of about $180, $130 of which goes to paying off the interest only. Only $50 actually goes to paying the principal. I think I will be dead before I pay off that $35K loan at $50 per month. HS students, this just goes to show you that you should never overlook your state college, which is probably the best bargain, for some over priced private school that you will need to borrow a ridiculous amount to go to.