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When will Unsubsidized Stafford Loan show on Credit Report

New Contributor

When will Unsubsidized Stafford Loan show on Credit Report

I'm in graduate school and accepted an unsubsidized stafford loan for fall and spring semester. The loan amount for fall semester (currently in progress) is on my credit report. The loan for spring semester (which has not been disbursed yet) is NOT on my credit report. Any idea when it will show up?

Starting Score: EQ 559 (June12)
TU 651 (spouse) (June12)
November12 score (Equifax myfico):
Me: 646
Spouse: 691
Getting ready to close on our first home Smiley Happy
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2 REPLIES
Valued Contributor

Re: When will Unsubsidized Stafford Loan show on Credit Report

Have you gotten the money for spring yet?

Message 2 of 3
Established Contributor

Re: When will Unsubsidized Stafford Loan show on Credit Report


Jazzzy wrote:

Have you gotten the money for spring yet?


Yes, you technically have not borrowed the money till the date it is disbursed. At that time you can accept part or all of the loan. If your tuition is less than the loan amount and you only accept the tuition amount, the remaining balance that is "sent back" is not included in the initial loan balance on your tradeline.

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