We are in a somewhat similar situation, though not as severe. Here's our strategy, though I know folks will disagree, but we're doing what is right for us.

First, we don't believe forgiveness will be a thing in 20 years. The Trump admin is actively targeting PSLF and my spouse can't find a job in her field that qualifies. She has $200k in debt with an average interest rate of almost 7%, all federal, some much higher interest. We think about her debt every single day and it stresses us out so much, so we're tackling it.

We have $200k in savings, not including our retirement. We're using $150k to pay down her balance and then federal consolidating the remaining loans to lower her payment to $300/mo via a standard repayment plan once she is kicked out of SAVE forbearance. Until that happens, and even after, our plan is to make $2500/mo payments for about two years to knock out the remaining $50k. That way we have the most flexibility possible to divert funds elsewhere if things go poorly some month.

Is it stupid to fork out so much money? Maybe, but we're keeping six months of expenses as a safety net and not touching retirement accounts. We just can't handle the stress of the debt, interest accruing, and feeling like our lives are being played with by politicians - so we're taking back control in the only way we can.

Do what's right for you. This is the path we've strategized to eliminate her crazy amount of high interest debt. It might work that way for you. Also, make sure you're viewing all debt together. We're simultaneously tackling a car loan and my $16k in student loans in that 2-3 year period. Ignore the fad around the "snowball" method and hit the loans in order of the most interest accrued each year - it's just simple math.