The debt snowball is a popular debt payoff strategy made famous by Dave Ramsey, but it might not be the best strategy for student loans.

In general, it can provide just the right amount of mental oomph to help people keep paying down their debt in hopes of one day being debt free.

But is the debt snowball best for those with students loans that have varying interest rates? As it turns out, the debt snowball is actually best for certain types of people. Others will see through it and choose a different route.

In this article, you’ll learn who the debt snowball is for and who may want to avoid it.

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