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Will Application For Several Student Loans Be Extra Bad For Credit Score

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james3332
New Member

Will Application For Several Student Loans Be Extra Bad For Credit Score

Hi.  My son will be a freshman in college this coming fall and we are working on his private loans.  Quick question, will applying to multiple banks for the loans to find out the best rates/terms hurt my credit score more than just a single application?  All will be hard pulls.  Or, is this like an auto loan where multiple applications during a 30 day or so period only negatively effect scores the same as a single hard pull?

Also, besides Sofi and Sallie Mae, what are the best other options out there?  Pluses and minuses of both Sofi and Sallie Mae.  Ok, not so quick! Smiley Happy

Thanks for your help!

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