Would it be beneficial to change filing status for student loan repayments?
I am not sure if this is the best place to ask this, but I am not sure where to go with this question. I currently owe 120k on my student loans. My husband makes about 100k more than I do. With our combined incomes, my monthly payment is 1200. With my income alone, it brings the payment down to about 500 a month. I am trying to find the best option in the long term, financially speaking. I am planning on getting them forgiven on the PSLF in 10 years. I am interested in trying to make our incomes separate, as it will greatly help with the bill. Would it be most beneficial to change our filing status from married filing jointly to filing separate? Or should we divorce on paper? Also, how will the filing status affect us buying a home? For reference, we live in WA and our combined income is 173,000 a year (99k for him and 74k for me). Thanks!
