<prompt> Human: Looking to consolodate 24k worth of 5 student loans that range from 8-11 APR. I am consolidating for 4 for 13 years. My parents are currently cosigned for a 17 year loan at 10.75 and a 13 year loan for 8.75 Since combined they are co-signing for 10k what would it hurt credit wise to pay that off and have them cosign for 24k? Kicker is this loan with Citizens has a 36 month co-signer release option that would get them off of my loans completely instead of 17 more years!They have a 789 credit score each and are concerned them co-signing on a 24k private student loan will ruin their credit. Wont paying off and closing old accounts help a bit?Thanks  <response>: Perhaps your parents telling you that theyre concerned about how it would affect their credit scores is them being polite in telling you no. Youre asking them to co-sign for 24k after theyve already signed for 10k. Thats not an insignificant difference. What if you lose your job and cant make payments? Youre parents would be legally responsible for all of that debt. Its not to be taken lightly. 