The Student Loan Debt Forum | The College Investor

Student Loans => Ask a Question => : ZK319 26, 2018, 08:30:23

: Transferring Parent Plus Loan from one lender to another
: ZK319 26, 2018, 08:30:23
My parents co-signed a Parent Plus loan for school for ~$140,000 due to unforeseen life/financial circumstances among many other things. I am looking to pay the loans myself and my parents are looking to refinance their mortgage, but with the large amount of student debt, they are not getting approved for a mortgage refinance.

Is there a way I can transfer the Parent Plus loan from one service to another to have the $120,000 loan onto my name? I got a job right out of college and my salary is over $60,000. I have good credit, but not much depth to the credit besides a car I'm paying off and credit cards.

I know it's not likely to find, but I just want to exhaust all options.
: Re: Transferring Parent Plus Loan from one lender to another
: TheCollegeInvestor 27, 2018, 07:24:53
You can refinance the loan into a private loan in just your name. However, it might be tough to qualify on your current income.

Here's lenders that do it: