How do I refinance my student loans in parents name?
Sarah Duran
Published Apr 03, 2026
Your parent will have to take charge in the application process—and apply under their own name to refinance your loans. If the lender approves, they’ll pay off your existing student loans and issue a new loan in your parent’s name.
Can I refinance my home with student loans?
First, know that federal student loans cannot be refinanced through the U.S. government, only consolidated. You cannot swap your federal student loan for another federal loan with a lower interest rate or change your private student loan into a federal loan.
Can I use a home equity loan to pay for college?
A home equity loan is a borrowing tool homeowners can use to turn the value of their home into cash in their hands (or college tuition). This is a home equity loan that becomes a second mortgage on your house and typically carries a fixed interest rate. Second, you have the option for a home equity line of credit.
Should you refinance a parent PLUS loan?
Refinancing parent PLUS loans may save you money by lowering your interest rate — rates start at about half of what the government charges for PLUS loans. It can also get you off the hook for the loan completely by transferring the debt to your child.
How can I refinance my student loans without a cosigner?
How to Refinance Your Student Loans If You Don’t Have a Co-Signer
- Find a lender with an alternative credit check. In the modern age of student loan borrowing and refinancing, there are a number of lenders that have alternative versions of credit checks.
- Keep making payments on your student loans.
- Improve your credit score.
Why do I need a cosigner to refinance my student loans?
A cosigner is generally a trusted relative or friend with good credit who is willing to apply for a loan with you. If you refinance student loans with a cosigner, you’ll have a better chance of getting approved — and might also qualify for a lower interest rate.
Where can I get a student loan for my parent?
The Federal Student Aid Office offers Parent PLUS Loans, which are held solely by the parent of a college student. Similarly, some private lenders also offer student loans that are held by the parent alone. However, Parent PLUS Loans currently carry the highest interest rates of any federal student loans.
Can you refinance a federal Parent PLUS loan in Your Name?
Depending on the lender, you can refinance the loan in your own name or transfer the loan to your child. Refinancing federal parent PLUS loans can help you save money by lowering your interest rate or getting you off the hook for the loan completely by transferring the loan to your child.
When to apply for a federal student loan?
Applying for Federal Student Loans To apply for a federal student loan, you must first fill out the Free Application for Federal Student Aid (FAFSA®). Deadlines to submit the FAFSA form usually fall at the end of June. But remember, financial aid is sometimes provided on a first-come, first-served basis, so applying earlier is better.
How to refinance a student loan in Iowa?
We help students finance their college education and graduates refinance college debt with “Iowa nice” service no matter where home is for our customers. From the moment you begin an application until you make your final payment, you’ll be dealing with one company.
