Can We Take Over the Parent Plus Loan from Mom?


Dear Steve,

My wife and I are both active duty military. All of my college was paid for using the GI Bill and Tuition Assistance. Unfortunately, my wife did not join the military until her second year of college so she had to get a loan to pay for her out of state tuition. She took the loans out two loans, one under her name (which was a personal loan which we already paid off) and the second was a federal loan under her mom’s name.

Are there any programs out there that can help us get out of debt? Currently she owes $13850.70 to a Direct Parent Plus Loan Federal Loan. The Loan is under her mothers name.



Dear Craig,

Well the silver lining is you could take over the loan by getting a loan yourself and paying it off. Places like Lending Club offer unsecured personal loans at higher interest rates than what you are paying now.

The problem here is it is not your wife’s loan. It’s her mothers loan and it is not transferrable.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Damon Day - Pro Debt Coach

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