Five Ways Student Loans Impact Credit

When your students borrow federal loans, do they understand the impact it will have on their credit profiles? Unfortunately, many students don't--but they should. Actions taken on their loans during repayment will determine whether they'll have a favorable or unfavorable credit history. Making good decisions can result in them being able to get job, car, or home but poor ones can diminish their options. Join us as we have identified the five ways student loans impact credit and what borrowers can do to make to turn their debt into a major asset in building a good credit report. [Duration: 75-minutes]

Specific topics covered include:

  • How and when payments are reported to the credit reporting agencies
  • What happens to a borrower's credit report when they miss payments
  • How deferments and forbearances impact a borrower's credit report
  • The effect loan default has on a borrower's credit history
  • What happens when borrowers rehabilitate or consolidate their loans

Upcoming Date

  • Thursday, July 12, 2018, 11:00 a.m. CDT