Ideas to pay off $45,000 in debt (8% rate) as fast as possible?

[FrugalSaver]

A friend took out a loan to pay down some rehab work and can pay this down at $10,000 per month. Any options you can think of to reduce the cost to carry the loan instead of paying it down in 4.5 months?

[RWD]

Paying that down at $10k/month is already pretty impressive. Works out to ~$850 in interest, I think? Only 1.9% total additional cost on the loan.

The options to pay less interest are to refinance or pay it down faster. Not sure how realistic either of those are in this scenario.

[Lan Mandragoran]

Your paying it down 10k a month -_^? First world problems ;P. Thats awesome though :), jealous.

[Syonyk]

"Don't worry about it."

If you can pay at $10k/mo it's not a problem. I was expecting a 5-10 year payback at which point I've got ideas to speed it up. But against that base rate? Whatever your friend is doing is working.