Source: Michelle Singletary, Washington Post ( Free Registration )

I’m trying to help my daughter consolidate some student loans, but having difficulty because of her credit rating. Can we consolidate in my name only and then transfer the loan in her name with me as a co-signer after her credit rating comes up?

Consolidation loans pull together all the loans into one payment. The greatest benefit to consolidation is having one loan to deal with rather than multiple loans. The one loan can then be stretched out longer, making monthly payments lower. But the longer the loan, the more interest your daughter will pay.

Read Full Article: Co-signing on student loans; bottom line on long-term care