# Student Loans revisited **URL:** \ **Category:** Factual Questions\ **Created:** [September 1, 2002, 6:50pm UTC](https://boards.straightdope.com/t/student-loans-revisited/126584 "2002-09-01T18:50:09Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![liirogue](https://avatars.discourse-cdn.com/v4/letter/l/dbc845/32.png) [@liirogue](https://boards.straightdope.com/u/liirogue)\ **Post date:** [September 1, 2002, 6:50pm UTC](https://boards.straightdope.com/t/student-loans-revisited/126584/1 "2002-09-01T18:50:09Z")
Okay, I decided to go for the student loans… They total about $2000, subsidized and unsubsidized… Is this a good way to build some credit history? How long should I keep the money before turning it back in to get a good credit score? Thanks! ---
**Author:** ![Andy](https://avatars.discourse-cdn.com/v4/letter/a/aeb1de/32.png) [@Andy](https://boards.straightdope.com/u/Andy)\ **Post date:** [September 2, 2002, 8:16am UTC](https://boards.straightdope.com/t/student-loans-revisited/126584/2 "2002-09-02T08:16:57Z")
I’ve no idea whether it’ll affect your credit rating (in the UK it does not), but I know of many friends who proudly announced how they intended to atke out cheap government loans and invest them to make a small fortune. Invariably they went the way of all the rest of out money…down the drain, literally. Incidentally, I have this month paid the last instalment on my student loans. I am officially debt free. I’m nearly 31. ---
**Author:** ![David\_Simmons](https://avatars.discourse-cdn.com/v4/letter/d/9de053/32.png) [@David\_Simmons](https://boards.straightdope.com/u/David_Simmons)\ **Post date:** [September 2, 2002, 1:51pm UTC](https://boards.straightdope.com/t/student-loans-revisited/126584/3 "2002-09-02T13:51:25Z")
> [@](#): > > \*Originally posted by liirogue \* > \*\*Okay, I decided to go for the student loans… They total about $2000, subsidized and unsubsidized… Is this a good way to build some credit history? How long should I keep the money before turning it back in to get a good credit score? > Thanks! \*\* Well, if you repay the loans in conformance to the terms of the loan contract you sure won’t get a _bad_\* credit record.