Ask Terry Questions Student Loans -Deferment impacting credit score?

Student Loans -Deferment impacting credit score?

By Terry Savage on February 01, 2021 | College Savings / Student Loans

My daughter only has 5k of student loans left and has been on the deferment plan due to covid. She noticed that her credit score went down for not paying. Should she keep paying or hope for government forgiveness? She has been a teacher for over 10 years. Thank you!

Terry Says

That’s interesting. I will ask the credit bureaus how they are handling this. It’s an official deferment, so it shouldn’t impact credit scores.

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