Can Student Loan Debt Actually Improve Your Credit Score?
For the past three years, federal student loan borrowers got a nice reprieve from having to repay their debt. But now that President Biden's student loan forgiveness plan isn't happening, federal student loan borrowers will need to gear up to start making payments this fall.
If you were hoping to have your student loan debt forgiven, then clearly, this isn't the outcome you wanted. But there's a silver lining to paying your student debt: If you do so in a timely manner, you could raise your credit score quite a bit.
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Source Fool.com
