Hurricane Katrina Student Loan Deferred?

[celestialdream]

Hello all,

 

I'm a total newbie, so take it easy on me here if my logic is flawed. All advice is welcome!

 

My oldest account is a Sallie Mae student loan I took out just over 5 years ago. This is my longest open account, by well over a year, & I was wondering a couple things. Firstly, here is the loan, taken from Equifax...

 

Company/Account Name: SALLIE MAE-FFELP

Account Number: XXXX

Date Opened: 09/2003

Last Activity: 08/2005

First Delinquency: N/A

Type: Installment

Rate/Status: PAYS AS AGREED

High Credit: $2,625

Terms: N/A

Balance: $0

Past Due: $0

Most Recent Date Reported: 12/2005

Comments on Account: Student loan - payment deferred

 

It's that "payment deferred" that is worrying me. (I grew up in NOLA, & when Katrina hit, the government deferred all student loans). But I paid the loan in full, before that happened. It seems to me it should say "paid in-full". Is that something I should look into?

 

Secondly, as I said, it IS my oldest account by almost 2 years. I would like to keep it open indefinitely, but it hasn't reported since 2005 & I never plan on using it again. Will it drop off my report in 7 years, or can I just leave it as is?

 

Thanks all!

 

Alysa

[celestialdream]

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