<p>Here is my situation...my husband has great credit, mine is fine but not as much. We will be trying to refi our home in the next year or so. Meanwhile we have a child to send to college. To pay for the tuition (minus FA) should I try for a Fed parent plus loan, or should she go with the higher private student loan in her name with my husband as a cosigner? Which count less against us, when we refi? Me being the one to take out the parentplus loan and as the co borrower later?</p>
<p>I suggest you post this question on the Financial Aid forum. Thats where parents who have deep knowledge of student loans often hang out to answer questions.</p>
<p>As a mortgage lender, I can tell you that what is going to matter is the amount of the monthly payment. If the loan appears on your credit report - the monthly payment will be counted in your debt - to - income ratio - it does not matter whether you are the borrower or co-borrower. Unless you are saying that you want to be the borrower for the Parent Plus loan and NOT be part of the refinance transaction - then it would not be an issue. But if you and your spouse are both borrowers on your mortgage loan - and will both be borrowers on the refinance loan - then all monthly debts - car payments, loan payments, credit card payments, etc., will count in that dti calculation.</p>