Down to 1005$ on nelnet Pay early???

[Anonymous]

I have just over a 1000 left on my school loan and I pay 50$ a month. Would it be more beneficial for my credit to just keep paying or pay it off early?

Thanks!

[SCF]

You don't need to pay interest to build credit.  Go ahead and pay off your loan.  A positive closed tradeline will stay on your report for 10 years, giving you plenty of opportunity to build other tradelines before you lose that history.

[Girac]

I paid my nelnet loans off early and my score dropped 15 points. It rebounded in a few months. Just be aware that this can happen.