I could’ve sworn I read in this group that if both spouses have loans and both are on RAP, and they don’t file separately, each person’s monthly payment would be calculated based off of their AGI. For example, if AGI is 100,000 BOTH would owe $1,000/mo. but I’m running numbers on Student Loan Planner calculator and that doesn’t seem to be the case. Any insight?
Confusion about RAP when both spouses have loans
byu/Interesting-Hope-407 inStudentLoans
Posted by Interesting-Hope-407
1 Comment
There is nothing in the RAP rules as written that allow for proportional adjustment of the total for couples filing jointly who both have loans. If the joint AGI is $100k then each spouse would have a payment of $833