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summacumlaude

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Credit Score Impact of Student Loans vs. Other Forms of Debt
Dollar for dollar, is student loan debt any better or worse than other types of debt (e.g. credit cards, other loan types)?

That is, would a $1,000 student loan impact a credit score differently than a $1,000 credit card balance, or a $1,000 collections account?

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Yes and No

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Debt is the debt, That part doesn't change much.  It has little effect on your score.

The only plus is that it adds variety to your mix of credit lines.

The fact that Student Loans are not dischargeable in bankruptcy,

And They have preset interest rates that are not negotiable and not based on your score,

This Makes Federal Student loans the worst type to have.. Pay them off and find other ways to finance your education.  If your done with school do your best to get these paid off as fast as possible. The large financial institutions that make these loans are earning Billions on the backs of Americas students and creating a "generation if Indebtedness".  Get yourself out from under this type of debt ASAP.

Good Luck

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