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Student Loans. Please Help

boricua5000

By boricua5000
in Student Loans

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The last post in this topic was posted 6828 days ago. 

 

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boricua5000

boricua5000

Posted
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I am just curious I just started school and I took out a Federal Direct Student Loan for $7,000 dollars and its reporting in all my credit reports. Does this have a bad affect on my credit report. I dont have to pay back after 2 years.


LynnInMN

LynnInMN

Posted
Posted
I am just curious I just started school and I took out a Federal Direct Student Loan for $7,000 dollars and its reporting in all my credit reports. Does this have a bad affect on my credit report. I dont have to pay back after 2 years.

 

It is not negative unless you are paying late or default.

 

You start paying it back 6 months after you seperate from school

CreditBabe

CreditBabe

Posted
Posted
I am just curious I just started school and I took out a Federal Direct Student Loan for $7,000 dollars and its reporting in all my credit reports. Does this have a bad affect on my credit report. I dont have to pay back after 2 years.

 

It is not negative unless you are paying late or default.

 

You start paying it back 6 months after you seperate from school

 

 

So even though you don't start paying until you graduate, its already showing on your credit?

LynnInMN

LynnInMN

Posted
Posted
I am just curious I just started school and I took out a Federal Direct Student Loan for $7,000 dollars and its reporting in all my credit reports. Does this have a bad affect on my credit report. I dont have to pay back after 2 years.

 

It is not negative unless you are paying late or default.

 

You start paying it back 6 months after you seperate from school

 

 

So even though you don't start paying until you graduate, its already showing on your credit?

 

yup...it is still a line of credit.

The last post in this topic was posted 6828 days ago. 

 

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