What would you do?

[DaFace]

Originally Posted by blake5676

Sweet!

We're in a little bit of the same conundrum ourselves right now. My wife is a prosecuting attorney. She paid off her private loans about 6 years ago, but still has about $60k in federal loans left over. She's 5 years into a 10 year public service student loan forgiveness program. Currently doing income base repayment and if nothing changed, she'd probably have about 40 of the 60k forgiven in another 5 years.

Problem is, we're married now, and starting in two months my income is going to count towards her income based repayment as well if we file out taxes jointly. So her monthly payment staying in the same program are gonna go from about $450 to $1100. She's not very happy.

It's a basic math equation, but some of the rules of each program are so ****ing confusing. Still trying to figure out our best option. Might end up doing married filing separately so her repayment stays based off her income only. But then we'll be giving up quite a few other tax breaks.

Bottom line...student loans are a bitch. Glad your plan worked out for you!

Yeah, as you can tell from this thread, it was definitely a tough decision. Couple all of the long-term planning with a healthy dose of uncertainty, and something that seems fairly straightforward on the surface becomes essentially an investment decision. Glad it worked out, but even 24 hours ago I would have told you I was only 90% sure it would come through.