<prompt> Human: Like a lot of folks, Im going to be graduating lawschool with student loan debt around 120K. The average rate is around 7.6, but the interest is tax deductible to a certain level, making the effective rate closer to 6. Admittedly, still fairly high.However, Income Based Repayment is a pretty sweet deal. For those unfamiliar: it caps your required monthly payments at Your AGI - 150 Federal Poverty line .15. You can adjust your payments if you lose your jobsalary goes down. If your payments dont cover accruing interest, the government will pay the difference for the first three years. If you still cant cover interest, the interest will accrue, but wont be added to the principle no compounding interest. Any remaining balance is forgiven after 25 years. The only downside is that the forgiven balance is taxable, although a number of folks are working on changing that. I also hope that my payments under IBR would still pay the whole off by year 25.More details here: I dont qualify for pay-as-you-earn due to pre-2008 undergrad loans.I feel like these are a unique sort of loan where payments will never be crippling, and I will never be at risk of out-of-control debt from spiraling compound interest. Given that, I feel like I should prioritize building personal capital over paying off this debt.Is this the consensus view or am I in the minority?edits: formattingEdit 2: I forgot about the income cap on interest deductions, so lets ignore that.  <response>: Ill echo what some other people have said: Only the first 2500 of student loan interest is deductible.- It is only fully deductible if you make less than 60k year and phased out completely after 75k.- 6 interest is pretty high, in my opinion, especially compared to what interest rates are at these days. You are going to get nowhere near that in a savings account and investing in the market obviously contains its own risks. Ill add one more thing-- PAYE may not continue to exist. It keeps changing forms, and the first round of people who will have their loans forgiven after 10 years from the first year loans were IBR eligible is still a few years away. This law can be changed just as quickly as it was established.Given all that, I vote for paying them off, at least on a standard repayment plan. Thats what Im doing with my 6.55 loans. 