Hello

I have a question regarding whether or not entering an IBR or PAYE program might be beneficial to me. Overall, I am graduating college with $28,000 in student loans and roughly $2000 in accumulated interest. I have accepted a job and would be able to afford the standard repayment amount for these loans over a 10 year time frame. However, I was wondering if it could be at all beneficial to attempt to enter into these programs, as I believe I would still qualify for either. My various loan amounts and interest rates are detailed below this post. My thought was that, assuming I qualified for either of these programs, I could pay the minimum amount on all loans and the apply the remaining amount that I had originally budgeted (probably an additional $200) to the specific loan with the highest amount and interest. Does this make sense at all? I wasn’t sure if I would benefit at all from paying off that larger and higher interest loan faster while also keeping in mind that additional interest will be accumulating on all other loans while I pay less on them.

Loan Amounts:
2 for $5500 at 6.8%
$4732 at 3.4%
$2768 at 6.8
$5326 at 3.4%
$2174 at 6.8%

I would love to get someone’s opinion on this. Thank you!