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Valued Member
Posts: 31
Registered: ‎02-09-2008

Is Deferred Student Loan hurting me??

I'm currently a full time student and have about 12K sub/unsub loans. It shows pd as agrees/deferred do lenders look at this a liablity will it be considered if i was to apply for a car loan? Also does it count in my util's? thanks
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007

Re: Is Deferred Student Loan hurting me??

Yes- they should count these as liabilities in DTI
Installment utility is far fewer points than revolving utility -
As soon as these loans go back into repayment and the installment utl goes under 100% you will see a few points.   
Regular Contributor
Posts: 155
Registered: ‎05-07-2008

Re: Is Deferred Student Loan hurting me??

I thought I read somewhere that if you can show that payback will not start for more than 12 months (i.e. just started school and still have more than a year left before graduation), the student loan won't count for DTI.  Is this correct?  
TU=564 EQ=??? EX=??? 4/4/06
TU=643 EQ=625 EX=618 1/24/08
TU=678 EQ=651 EX=665 10/24/08
TU=694 EQ=669 EX=??? 9/24/09
TU=706 EQ=691 EX=??? 10/8/09
CH7 BK 2001
Established Contributor
Posts: 945
Registered: ‎06-13-2008

Re: Is Deferred Student Loan hurting me??

I think that is lender specific.  DTI is usually calculated by the lender with the income information you provide.  Once you have a short list of lenders, I would just call them and ask how they treat it.  I also think it's different for pre-graduation and post-graduation deferrals.  In my experience, they're much more rigid with post-graduation deferrals because it usually indicates some instability.

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