<p>While it makes for a good story, it was probably not the wisest financial decision. Student loan interest is a tax deduction. At 80k per year plus bonuses he would be in the 28% tax bracket. A few good deductions like student loan interest drops him to the 25% bracket easily. Use some of that money to buy a house and get a mortgage deduction, invest in a 401k and a IRA and he might make it down to the 15% bracket.<br>
No debt is truly “good debt”, but if there was such a thing Student loans would make the list. </p>