July 27, 2009
Can I transfer my Parent PLUS Loan into my child’s name?
No, you cannot transfer your Parent PLUS Loan into your child’s name. This loan is taken out by the parent, only.
The child is not a co-signer nor is he/she officially responsible in any way.
That’s not to say that you couldn’t set up a payment plan with your child and have them reimburse you for all or part of the loan over time.