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. 

Could we:
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?

I’m concerned about the loans being in my name but being transferred to her name maybe causing a problem, but then they do ask for our joint return each year, it appears.

I’m not aware of any way to transfer loans from one borrower to another within the federal student loan programs.

If I go to work at the right kind of job, such as an accountant for a 501c3 in the medical field, then we could pay under ICR for 10 years and the balance would be forgiven tax-free?

Because of the rules governing attorneys, I cannot provide personalized legal advice without first associating with local counsel in your state.  I am only able to give you general legal information.

As for Public Service Loan Forgiveness, a borrower has to make the right kind of payments (IBR typically), on the right kind of loan (Federal Direct Loans ONLY), while working in the right kind of job (full time, paid work for a 501c3 or the government, plus a few others).  120 qualifying payments must be made, and the borrower must apply for forgiveness and prove that he or she met all the requirements of the program.

PSLF is not taxable as income, that’s true.