I have about $170k in Parent Plus loans. Most are FFEL Plus, a couple of Direct Plus and a FFEL consolidated. The loans are all in my name. However, my wife is a school teacher.
1. do a Federal Direct Consolidation Loan with the loan being in her name,
2. pay under ICR for 120 payments while she remains a teacher or in another qualifying public service job
3. have the remaining balance forgiven, tax free?
Iâ€™m concerned about the loans being in my name but being transferred to her name maybe causing a problem, but then they will ask for our joint return each year, it appears.
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