<prompt> Human: Im a recent graduate who took out a parent plus loan with my dad.When we first got the parent plus loan, it was for 100,000 and my dad has paid for almost all of it, but I feel bad and Id like to take over that responsibility. He owes 48,732.64 right now and I have a job that pays 32,000yr. My credit score is great, 720. I want to change it to my name and Im just not sure how to get started. I dont know much about loans and would like to get it refinanced to my name so that the burden is no longer on my dads shoulders to pay 800 every month. Itd be nice to lower the interest rate to something that I can afford. Any help with this is greatly appreciated. My parents had struggled refinancing their house because of my student loan and I want to take it off their shoulders. To give you an idea: Parent Plus loan is a series of small loans, here are what mine look like. Loan amount and interest1,214.06 5.6 2,664.53 6.8 3,620.75 4.55,382.10 6.8523.29 6.83,620.88 6.010,357.38 3.42,739.58 6.84,867.42 3.86206.10 4.6613,536.55 4.66Summary: Dad took a parent plus loan for me, I want to put it under my name, what is the best option to get this done. I know there are options to refinance but I want to make sure Im making the right decision or if its not worth it.  <response>: You cant just take over a loan. You need to get a new loan and use the proceeds to pay off the old one. The odds of you getting a personal loan for 1.5x your yearly salary are... slim. The odds of that loan having an interest rate lower than your current rate are near zero. 