Paid Student Loans Listed by Semester and Your Credit

Dear Experian,

I have student loans on my report with different amounts but the same account number. They are all under accounts in good standing. I think that they are repeated. They are listed nine times! I also have two other student loan accounts with the same account number but with a different company. I have consolidated my school loans twice so I'm assuming that they are from before I consolidated. Do all these hurt my credit? They are all paid/never late/closed, but I'm concerned it shows that I over extend myself.


Dear AMS,

When you apply for student loans, you actually receive a separate loan for each semester or enrollment period. Once you graduate, you may only make one payment every month, but each individual loan will appear on your credit report.

As long as all your payments are made on time, the separate accounts will not harm your credit report or credit sores. The reason the amounts are different is that each entry shows the loan amount for that enrollment period.

When you consolidate student loans, as you have, the original accounts will still appear on your report along with the new consolidated loans. However, the old accounts should be updated to show they were transferred and closed, and have no outstanding balance. Therefore, the loans would not appear to lenders as if you owe both companies and will not have a negative effect on your credit history.

Thanks for asking.
The "Ask Experian" team