 TITLE: Can You Transfer a Parent Student Loan to a Child? CONTENT: Cosigning the Refinance May Be Better Than Nothing\n--------------------------------------------------\nIf your child isn't ready to refinance your parent student loan debt in their name, cosigning the application to transfer the debt in their name may be better than keeping them solely in your name. Even if you have to make payments until your child is ready, doing this will at least set the process in motion.\nOnce your child can begin making payments, you'll have that monthly cash flow to use for other important things. And as soon as they can qualify to take on the debt themselves, they can apply to release you from the loan as a cosigner—if the lender offers this option—or refinance the debt with another lender to remove you from the loan.\nYou and your child should both monitor your credit regularly to stay on top of how the debt is impacting your credit history and whether you need to take steps to maintain a good credit score. Eventually, once your child has built their credit enough, they can take over the debt. You can get a free copy of your credit report from all three consumer credit bureaus (Experian, TransUnion and Equifax) through AnnualCreditReport.com. You can also check your FICO® Score☉ based on Experian data and your Experian credit report for free. END