July 27, 2009

Can I transfer my Parent PLUS Loan into my child’s name?

Posted in Parent PLUS Loans, The Financial Aid Process at 6:44 AM by Joe From Boston

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.



  1. Laura,

    It depends on which company your loans are with. There are over a hundred banks and companies that offer student loans. I suggest you visit your company’s website or call their customer service line to find out.

  2. Laura Hudson said,

    can i pay my loan off online? if so, how do i set up an account?

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