How Do I Transfer a PLUS Loan to a Child

By Elaine Rubin

April 21, 2022

If you want your child to take over responsibility of repaying a Parent PLUS loan, your child has the option to refinance the loan into his or her name. Your child will need to meet the eligibility criteria of a student loan refinance lender. If your child is unable to meet the credit criteria of the lender, he or she will have the option to add a creditworthy cosigner.

Note: If you cosign on a refinance loan for your child, you will remain a responsible party for the loan.