<prompt> Human: Firstly, Im the child was the student. My parents are not pushing this, and are ok with my choice either way. I am trying to find the best financial path for myself. As I understand it, even being able to do this is generally difficult as few lenders will allow it edit: ala through SoFi or DRB, and its a large amount of debt. I am curious about the benefits and drawbacks of refinancing the loan and gaining the debt.Some approximate numbers for context: My age: 28 My gross annual income: 85k About how long Ive had such an income: 1.5 years Current FICO score: 750 FICO score about a year ago: 615 I previously had little income, maxed out cards totaling 8k, and additional medical debt Credit Card debt I dont pay off every month: 0 been that way as soon as I could pay them off Car Loan: 10k at 5.75 which I also plan on trying to refinance Student Loans Total: 18k at 2-6.6 some of which I am considering refinancingNot in my name: Consolidated Parent Loan 1: 50k at 7.9 Consolidated Parent Loan 2: 30k at 7.25From what Ive gathered so far, these are some pros and cons.Pros: I can acquire a lower interest rate, and end up paying a smaller amount now andor in total. It formalizes the informal agreement between my parents and I that it is my responsibility. Im paying on it myself already, and intend on doing so regardless. Greater piece of mind for my parents? Arguable. See Cons. My parents credit worthiness goes up.Cons: I formally and legally gain a massive liability, that I cannot escape from without paying off. My credit worthiness goes down How much? The new private loan would not be as safe in terms of having an IBR or similar to fall back on in the event of hard times. Cant change payment plans on the fly switch from 10 to 25 year repayment plan, or the other wayHow much would my credit worthiness go down? Im mainly weighing in my head the gain of having a lower interest rate, and the drawback of a worse credit worthiness for future purchases, like a house. Ill have the debt for a while, so even if I want to buy a house years down the road, the debt will likely still haunt me. Which is better?  <response>: Im pretty sure you cant refinance unless you can get a personal loan for that much. And you arent going to be able to get an 80k personal loan. 