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What is a Credit Report?

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Shannon Vasconcelos

Written by Shannon Vasconceloson June 14th, 2022

Shannon Vasconcelos has worked in student financial assistance at Boston University and Tufts University School of Dental Medicine, where she served as the assistant director of financial aid. At Tufts, she was responsible for reviewing financial aid applications, determining financial aid awards, and helping families through the college financing process. In addition, Shannon has served as an active member of the Massachusetts Association of Student Financial Aid Administrator’s Early Awareness and Outreach Committee, as a trainer for the Department of Education’s National Training for Counselors and Mentors, and as a volunteer for FAFSA Day Massachusetts. She has a BA in economics from the University of Massachusetts and an MA in urban and environmental policy and planning from Tufts University.

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When is the last time you reviewed your credit report? In the month of June we are often asked by families if student loans will appear on their credit report. The answer is yes! Student loans appear on this detailed summary of your credit history and are factored into your overall credit score, just like any other type of loan. Additionally, if a parent co-signs a loan with a student the loan will appear on the credit report for both parties. In this brief video, we highlight what is a credit report and why it’s important. Don’t forget to subscribe to our YouTube Channel to keep up to date on all the latest college planning tips from our college admissions and finance experts.
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