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Why can't he consolidate his loans to whatever the going rate is right now (3%?)? You can only consolidate once, IIRC. Unless you've taken on more loans after consolidation, at which time you are allowed to consolidate again. That would be my first move.
If he's stuck with a 7% loan, paying it off is a "guaranteed" 7% return. Not shabby in today's market. Personally, I'm not bold enough to bet that I can get better than that with my investing skills, but YMMV.
His income is probably high enough that he won't be able to claim student loan interest as a tax deduction.
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1987 Venetian Blue (looks like grey) 930 Coupe
1990 Black 964 C2 Targa
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