How Long Do Satisfactory Student Loans Stay on a Credit Report?
When you receive a student loan to fund your education, evidence of the loan and its payment history will appear on your credit report. Once the loan is paid off, however, the credit bureaus will eventually remove it.
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Time Frame
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A student loan, whether it has been paid off satisfactorily or whether you have defaulted on the loan, will appear on your credit report for 10 years.
Facts
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If your student loan is considered satisfactory but has not yet been paid off, the time limit for its removal will not begin until the last payment has been made on the account.
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Significance
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A loan that has been paid off or that you are currently making timely payments on will benefit your credit rating as long as it appears on your credit report.
Considerations
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At your request, the credit bureaus are often willing to remove positive accounts that have been paid off prior to the 10-year time limit.
Warning
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The length of your credit history accounts for 15 percent of your credit score. If the student loan is your oldest account, having it removed from your credit report may lower your credit score.
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