How does my current student loan affect my credit?

For some student loans, the lender will check your credit each year you apply. So, by monitoring your FICO score you'll know what to expect when it's time to apply for next year's student loan.

Do I need to check my credit reports and FICO scores regularly?

In today's economic climate, it's not enough to simply pay your bills on time and keep your credit card balances low – although this is terribly important! You'll also need to check for errors on your credit reports periodically to avoid any unwanted surprises the next time you apply for a loan. FICO Standard, myFICO's most economical product, features your credit report, FICO score, FICO Score Simulator, error correction tools, and more!

"Credit was very easy to obtain while I was a student… I do wish I had lived modestly back then so I could better enjoy my hard earned money now!" — Anita, Birmingham, AL Read More

With FICO® Standard you get:

Your FICO® score from your choice of Equifax or TransUnion. You'll get a full explanation of your FICO score as well as factors causing your score to be what it is. FICO Standard also provides you with a view of how lenders see your specific FICO score when making lending decisions.

Your credit report from your choice of Equifax or TransUnion. Each credit report contains information on your credit accounts, a listing of those companies accessing your credit file and more. We'll also flag any accounts that are hurting your FICO® score.

The FICO® score simulator which analyzes your personal credit information and can help you understand the impact of any of your future actions such as paying off a credit card or opening a new account.

FICO Standard
$19.95 per report

Order Now

FICO® Score is the one used by 90 of the top 100 lenders

FICO Standard
$19.95 per report

Order Now


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

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FICO Score - The Score that matters
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