Hello, I am currently on IBR. However, I've been thinking about a strategy to pay off my loans, eventually. Of note, I have no other debt. Unfortunately, the way federal student loans are set up, none of the monthly payment goes to the principal balance (unlike a mortgage). Moreover, the accumulated interest is substantial, so making large payments will again do nothing to reduce the principle balance. I would like to borrow money to pay off that interest, or at least make a significant dent in it. My question is where would I do that (which financial institution or company)? I do realize that I will have 2 loans to take care of, but it's much easier for me to pay off relatively small amounts (like $40,000). Thanks for your help. I don't see any other way out of the debt hole.