For many individuals, student loans are a necessary step toward achieving educational and career goals. However, while they provide the means to invest in your future, they also have a significant impact on your credit score. Understanding how student loans affect your credit can help you manage them responsibly and improve your financial health over time.

In a landmark move, the Biden administration is finalizing a rule to remove medical debt from credit reports, potentially boosting credit scores for millions of Americans and easing their path to loans. The rule also bans lenders from using certain medical information in loan decisions, marking a significant shift in consumer financial protection.

In a strategic move before leaving office, President Joe Biden has withdrawn his efforts to cancel student loans for over 38 million Americans. The decision aims to prevent President-elect Donald Trump from retooling unfinished regulations to suit his own agenda.