So I just inherited some money from my late grandfather, and my initial instinct is to use it to pay off part of my student loans (I owe almost 50k). But when I think about it, isn't student loan interest tax deductible? (so the interest is essentially given back to me in my tax return, or I am understanding that all wrong?) Would it make sense to use the money for this rather than say saving towards a house? I don't have any cc debt or a mortgage so that's not really an issue. What should I do with this money that makes the most sense in the long term?