Student Loan Question

[elm84]

I have around 16,000 in SL that are deferred while I am in school.. If I start paying on them now will it look better on my credit.. I am hoping to have it paid prior to graduation or should i just let it kept reporting OK as the 16,000 balance

[SCF]

In terms of your credit score, it doesn't really matter.  The loan will show paid as agreed during the deferrment whether you make extra payments or not.  Paying it off early may save you some money by reducing the amount of interest that you pay.  I would look at what you have in unsubsidized loans and what the interest rate is so you can do a little math and determine if you want to make payments as you go or hang on to that money until the loans come due so that you have it for emergencies or other purchases.