You’d be hard-pressed to make it through college these days without student loans.
With the cost of a post-secondary education rising each year, most people can’t afford to attend university without the help of student loans. Even a 529 plan and a partial-tuition scholarship might not be enough to avoid student loans.
While there are many advantages to student loans, and you can get special treatment with your student loans, it’s important to understand how a student loan can affect your credit.
Since your credit score is an important part of your financial life, it’s a good idea to consider the impact of your student loans.