Can you explain your counterexample? Perhaps with with some rates? I don't understand it.
I can't see how it is would be financially beneficial to accelerate the payment of the smaller/cheaper loans over the biggest/costliest one.
I'll concede that paying back your friend sooner than they expect might have a goodwill benefit, but not a monetary one. Even then, I'm not sure how much, over just giving it to them when they asked.
It’s not financially beneficial. The poster you replied to has no idea what he’s talking about. Repaying the highest interest loan first will still be the best choice.
I can't see how it is would be financially beneficial to accelerate the payment of the smaller/cheaper loans over the biggest/costliest one.
I'll concede that paying back your friend sooner than they expect might have a goodwill benefit, but not a monetary one. Even then, I'm not sure how much, over just giving it to them when they asked.