So today marks the beginning of a new semester of school. I am attending a very reasonably priced institution, but I have been using student loans to pay tuition. Normally, I would just deal with the ever-increasing student loan amount and not worry about it.
This semester, however, is different. I am trying to buy a house, and I will be just barely skating in at the credit score I need to qualify for the loan I want. Between now and the loan approval, however, I believe that my student loans will be disbursed. My question is, will that hurt my credit? I know there will be no inquiry, but will the opening of another student loan installment account have a derogatory impact on my score?
