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.

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2 Comments »

  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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