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How will student loans affect your credit?

Kathy Robinson

in Student Loans

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Kevin Sutter on July 4, 2018

OK, I cannot agree. I have about $39,000 in student loans and before I was in repayment period my loans showed up at my credit report but showed deferred status with a date. I they have now graduated, and I still have six months of grace period. Your student loans are still factored in to the total of your credit score and negatively affect your credit score only if they are not paid on time. The answer is NOT MUCH, as long as YOU PAY YOUR STUDENT LOANS on TIME AFTER YOUR GRACE PERIOD (WHILE ATTENDING COLLEGE), THEN YOU SHOULD BE fine. If you are still a student, the student loans do not show on a credit report at all. Only appear after you have graduated, withdrawn, dropped out, etc and the payment is initiated. 11/01/2010 I will have to disagree with the previous answer. Student loans will show on your credit report before you graduate-how do I know this?-Well because I am a student with loans and loans, have been shown in my credit report under "deferred"-they have actually helped my credit score, BUT that will do DAMAGE to it if and ONLY IF, when it's time to pay I default. I agree with the 1st answer and not the 2nd. Perhaps times have changed since the 2nd person that answered this question don't even have knowledge of the credit scoring system in conjunction with student loans. These are government backed up student loans that I mean, NOT bank of student loans.


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