Fed Financial
does financial aid and student loans affect your credit?
I want to get financial aid for next semester and maybe get a student loan.I also want to buy a house next year. is the money that I am going to get from finacial aid and student loans going to appear in my credict report as a debt?
Public Comments
- Yes, it sure will. When you try to buy that house, the monthly payment will be calculated as part of your debt to income ratio. What I don't know is if they calculate it based on your projected graduation date (and consequently, your repayment date) or not.
- Student loans are reflected on your credit report and are used by mortgage lenders to determine your debt to income ratio.
- Yes.
- hell ya it wuld... thts y they call it a loan
- Oh ok... I got this for you... better check on it... Im pretty sure you'll discover something http://www.studentloansmadeez.com
- Go to http://www.studentfinancialadvisors.com They may be able to help.
