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We’ve got you covered with our Student Loan Smarts blog series.
Our expert tips and hacks will help you save money, pay off loans sooner, and stress less about student loan debt.
Before doing anything, assess your ability to repay the loan.
How much money can you afford to put toward it each month?
Read the other posts in the series to get all the info you need to make intelligent decisions about your student loans.
Student loans are the ultimate double-edged swords.
[fsb-social-bar]The relationship between your student loans and your credit scores has two stages.
But if you mismanage student loan debt, your credit score could suffer—and that could have a big impact on your financial future. Do I need a good credit score to take out a student loan?
First, there is getting a student loan or loans for school.
While a credit score is not considered when applying for Federal student loans, a poor one (below 650) can stop an application for a private student loan dead in its tracks.
Whether you’re making your payments on time, paying extra every month, or struggling to pay the debt, student loans impact your credit report and score – for the good and the bad.
Here’s how: Any time you fail to make a student loan payment on time, this is going to have a negative impact on your credit.