Hoping for some advice on repayment approach
Left graduate school in 2017 with around $177k in student loan debt. Following graduation I consolidated the various loans into one PAYE/REPAYE with this feeling like a wildly impossible amount of money to ever repay. I proceeded to attempt the approach of keeping my AGI as low as possible, largely by investing in real estate and starting businesses, with the plan to grow them and pay the minimum for 20 years and then enter a repayment plan with the IRS following forgiveness. Not ideal, but seemed like the best plan at the time.
Haven't paid loans since Covid forebearance and switched into SAVE when it became available so still haven't been paying. My balance is around $220,000.
My base salaries between the companies total to around $138,000 (plus max 401(k) contribution) with my AGI floating around +/-$100,000. However, last year and this year are looking like my total comp could be closer to $230k-$300k. But then next year might drop way back down. Also, maintaining this is a miserable existence of working 260+ hours/month and I now have a little baby I need and want to take care of. My wife (PSLF eligible) and I have a house and HELOC with about another $125k available.
Should I:
Enter RAP, continue to try to minimize AGI (renovations to rental unit, invest in other businesses and real estate partnerships), and pay the minimum (likely less than interest) for the term to run out the clock (essentially continue same plan but now with RAP?
Make a huge draw on line of credit (i.e. $100,000) to pay down principle? Idea being that the payments on this can then be deducted... further driving down AGI (or maybe buy a nicer house with similar result)?
Go back to PAYE short term? Although hot sure this does much.
Something else?
I don't start many reddit posts so apologies if this is very long winded. Thank you in advance for any advice.