*Loan,banking and credit>>>college loan

Do college loans affect my credit?

What are the affects on my credit rating if I have outstanding school loans? Basically, does having taken out loans affect my credit score? I am not in default and have a balance of over $50,000.

Yeah, it's installment loans. It'll show up as debt to income, and whether or not you pay ontime. So it's pretty much like having a house loan.

It does affect your credit. If you make payments on time, it'll help it. Depending on your income, because they do run and debt-to-income ratio, it may hurt you in some cases, though it's rare because student loans are considered "good debt"
yes, they will affect your credit.
Taking it out will not necessarily hurt your credit score, but it will affect how much you can borrow. It goes against your debt to income ration so you may not qualify for quite as much when it comes to buying a house or a car.

However, if you fall behind on the loans, like I did, you will definitely get crushed on your credit score. When I bought my house, the rates were 5%, but I had to settle for 6.5% because I had not paid on my loan for 10 months.

Depending on the loan, I think around 10 months is the magic number before you go into default.
Ahem!

Hell to the yes student loans affect your rating.

Credit is based on

Character, Capacity, and Capital.

By having $50,000 in promissory notes, your capacity is moderately limited as you will have some minimum student loan payments you have to make that will lower your disposable/discretionary income.

Making timely payments on your student loans will increase your character because you are showing to your creditors that you are a person who can be trusted. Making timely payments on your student loan will also boost your credit score.

But make no mistake about it, $50,000 in student loans will make your FICO score drop.

Also, be aware, that should you default on your student loans (more specifically, those backed by the Department of Education (DOE)], the derogatory information will appear on your credit report until paid in full in accordance with the Section 463(c)(3) of the amended Higher Education Act of 1965.

It reads,

Notwithstanding paragraphs (4) and (6) of subsection (a) of
section 605 of the Fair Credit Reporting Act (15 U.S.C. 1681c (a)(4), (a)(6)),

a consumer reporting agency may make a report containing information received from the Secretary [of Education] or an [educational] institution regarding the status of a borrower鈥檚 account on a loan made under this part until the loan is paid in full.

You have been warned!
Fair Credit Reporting Act and Higher Education Act of 1965
yes, it will affect your debt to income ration and lenders will be less likely to give you more credit.