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Will this hurt me????

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NAMC80
New Contributor

Will this hurt me????

I am thinking of going back to school this fall for another degree.  Does anyone know what applying for another student loan may have on my credit score. I know that going back to school will put my loans into deferment which helps my debt to income when applying for a home, but does adding a new loan hurt me even more.

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Anonymous
Not applicable

Re: Will this hurt me????

You may experience a ding for new account and decreasing your AAoA. Also, if any inquiries are added, then those may ding you as well.
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