Sample content — final article coming soon.
Student loans are installment loans. Like other loans, their payment history and balances are generally reported to the credit bureaus and can be part of your credit report.
How student loans are reported
Your student loan servicer typically reports your balance, payment status and history. Loans in deferment or forbearance may be reported differently from loans in active repayment.
Understanding repayment options
Federal student loans may offer several repayment plans, and private loans have their own terms. Your servicer can explain which options apply to your loans.
- Confirm who your servicer is and how to contact them
- Keep your contact information up to date
- Review your statements and payment due dates
- Ask about options before a payment is missed
Student loans and bankruptcy
Student loans are treated differently from many other debts in bankruptcy. Because the rules are specific, consider speaking with a qualified professional about your situation.
Sources
- AnnualCreditReport.com: official source for free credit reports
- Consumer Financial Protection Bureau: credit reports, scores and consumer rights
- Federal Trade Commission: free credit reports and disputing errors
This article is general educational information, not individualized legal, tax or financial advice.
