Navigating the world of student loans can feel overwhelming, especially when considering the potential impact on your credit score. The application process itself involves a series of steps that can affect your credit report, but understanding these steps and their implications empowers you to make informed decisions and minimize any negative effects. This guide will explore the intricacies of how applying for a student loan interacts with your credit, from the initial application to managing your debt afterward. We’ll delve into the differences between hard and soft inquiries, examine how various loan types (federal, private, subsidized, unsubsidized) are reported, and Read More …
