Parent Plus Loan

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Parent Plus Loan

Postby ryanwinner23 » Wed Mar 27, 2013 7:18 pm

My question is this I signed up for the Parent Plus loan for my daughter to go to school and she just finished school. My question is can I give this Parent Plus loan to my Wife and transfer it to my Wife and daughter instead of me. My wife is willing and its just what we would like to do. I know you cannot give it to your daughter and thats it but I don't see why there would be a problem switching parents.???
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Re: Parent Plus Loan

Postby Aid Whiz » Mon Apr 01, 2013 8:31 am

Unfortunately, you cannot transfer the loan to any other party since the loan is in your name. Others can make payments on it, but the name on the loan cannot be changed at this point.
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