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Curious about Student Federal Loans

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  #1  
Old 02-06-2012, 06:06 PM
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Default Curious about Student Federal Loans
So I go to school and have a student federal loan. I am still in school so the loan is deferred. I have to start paying it back once I finish school.

I wanted so start paying off the loan so it can help my credit score. The loan company who holds my federal school loan told me I can't get out of deferment unless I finish school or stop taking classes. IS there any way I can get them to report to the CRA that I started paying on the loan?

Thanks!
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Old 02-07-2012, 08:15 AM
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It should be on your CR as a loan but marked as " in deferment"
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Old 02-07-2012, 09:55 AM
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Originally Posted by 1stStep View Post
It should be on your CR as a loan but marked as " in deferment"
Yes, that is correct. But doesn't that hurt my credit score just sitting there?
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Old 02-07-2012, 12:56 PM
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No it doesn't...
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Old 02-14-2012, 09:31 AM
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And it will help your score to start paying it off now as there will be a smaller "balance owed" than "original balance". It shows payment, even if not required.
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