New Student Loan

[BMW_328i]

Hello, As always, I searched for this topic but to no avail I took out my first federal loan for this semester and it posted to my reports. Given, deferment until graduation, will the loan report every month? The status states "current". Also, I know I will benefit in the long run for the age, will I also get points during deferment? Thanks in advance!

[dragontears]

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@BMW_328i wrote:
Hello, As always, I searched for this topic but to no avail I took out my first federal loan for this semester and it posted to my reports. Given, deferment until graduation, will the loan report every month? The status states "current". Also, I know I will benefit in the long run for the age, will I also get points during deferment? Thanks in advance!

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What do you mean by "get points during deferrment"?

If you are asking whether the account will contribute to aging metrics during deferrment the answer is: yes all accounts (open or closed) contribute to aging metrics for the FICO algorithms, deferrment/forbearance doesn't change the fact that the account is present on your reports. 

[BMW_328i]

Basically, I want to confirm that, even though I'm not currently making payments, I would yield the same points as if I were payment payments. I have a thin file so I'm hoping this will help in the short term.

[ccquest]

Yeah it adds to your aging metrics, but a loan that goes down in balance helps more than a 90+% loan.