On average, students have a total of $34,000 in student debt, and that amount is climbing each year. If your student loans are left unchecked, they can drastically lower your
credit score.
If you can manage it, set up a repayment plan with your student loan service provider or consider refinancing options. By paying your student loans, you can earn a positive repayment
history. Once they’re paid off, you may see a temporary reduction in your credit score, but it’s likely to rebound into a much higher score.