My wife will be graduating as a dentist and starting residency earning around $70k/yr. According to RAP she would pay 70k * 7% / 12 = $408/month on 400k in loans. The benefit of doing so would be to stop her loans growing by 40k in interest during her first year in residency.
The issue is that we just filed MFJ and since my income was high AGI is 250k putting us at 250k * 10% / 12 = $2083/month. We cant afford that and this was our first year MFJ. Is it possible for my wife to show paystubs to get RAP to use 70k as her AGI instead of our joint income?
If not, is there any other student loan repayment program that can help stop the interest from growing during her resident year?
Posted by Odd-Sheepherder-9115
1 Comment
pain
that MFJ trap is brutal for residents