I never cosigned, never signed a promissiory note. My wife doesnt work. I pay all the bills including my student loans. So why are they trying to use my income to pay back her loans?
On what planet does filing taxes jointly make me liable for her debt? If she isnt working she should be eligible for a 0 dollar payment. Instead they are trying to hit her with a 557 payment
How, specifically, are they trying to use your income to pay her loans?
Are they asking, for example, that you authorize payments from your bank account or to your personal credit card?
Spousal income is used when calculating income based repayment. They are not making you responsible for her loan, they are saying your income is used when calculating this benefit.
If you file your taxes separately as Married, filing Separately then you could use only her 'income.' I presume they reason that since you file jointly that you have joint finances.
ETA: They will base her IBR payment on your joint income if/when she starts working again, as well. If you want payments just on her income then you have to file separately.
Its a catch 22. If you file jointly you get all the tax benefits especially if you own a home. If you file separately you dont get those tax benefits.
Then if you file jointly they lump you both together on student loan repayment which is just dumb
I agree. Unfortunately, there's not much in the U.S. system of financing higher education that makes sense.
Why would they exclude your income ? You are married . She has debt and she choses not to work, who did you think would pay her debt? What would happen to the student loan percentage payment program if every person who got married had one partner quit and pay nothing ?