 TITLE: Can You Transfer a Parent Student Loan to a Child? CONTENT: Avoid Other Ways to Consolidate Parent Student Loan Debt\n--------------------------------------------------------\nTechnically, there are other ways to consolidate and pay down parent student loan debt. For example, you could use a home equity loan or line of credit (HELOC), or even a personal loan, to pay off student loans.\nHome equity loans and HELOCs may be tempting because they tend to offer low interest rates. But they require you to use your home as collateral, which could result in you losing your home if you fail to repay the loan. Also, these loans can come with expensive closing costs, which could neutralize your interest savings.\nRefinancing via a personal loan could also be tempting because these loans are generally unsecured. However, personal loans come with much shorter repayment terms than student refinance loans, which means higher monthly payments. They also tend to charge higher interest rates, which can put more strain on your budget.\nAs a result, it's best to avoid alternative consolidation options for parent student loans. END