Private College Student Loan

How do I transfer a nelnet student loan from my parents name to my name?

My father took out a large NelNet student loan while I was in my first year of college. I am now 3 years out of college and make enough where I can be paying back the loan myself. I have got his log in and password and have switched auto payments to my bank account but the loan is still on him and in his name. Does anyone know how to transfer the loan into my name? I am now married, make slightly more money than him, and own our house so I'd think I'd be just as qualified to be responsible for the loan. Does anyone know the procedure? I don't care if I have to have him as a guarantor or whatever, I just want to make it so its in my name/control and not have to go through him to pay it off (but still keep it at the same fixed interest rate it is currently at which is 4.25%).

Public Comments

1. You can call and ask the lender, but honestly, I doubt they will do it the way you want. The best you can hope for is a new loan to pay off the old parent loan. Unfortunately this will almost guarantee you a much higher interest rate than the one your Dad has.