Then, you pay as much as you can towards the lowest balance while making minimum payments on the rest of your loans or credit cards. (studentloans.net)
Similarly, the debt avalanche method requires you pay down the highest interest rate loan first while paying the minimum balance on the rest of your loans. (studentloanhero.com)
That means if your parents, for example, co-signed your student loan through a bank, they would be responsible for paying the rest of the loan if something happened to you. (lifehappens.org)