Having more accounts is not automatically a negative factor in your credit history.

For such installment loans, the important factors are how much total debt you owe and, of course, most importantly if you have missed any payments. It can be helpful if you have education debt from multiple lenders or student loan guaranty companies.

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Student loans usually appear on a credit report as multiple loans, but that doesn’t look bad to lenders.

The reason has to do with the way student loans actually work as opposed to how we think about them.

Read the other posts in the series here—and get all the info you need to make intelligent decisions about your student loans.

And while you’re at it, check out So Fi’s new Student Loan Debt Navigator tool to assess your student loan repayment options. With prevailing interest rates at historic lows, some private lenders offer rates that are significantly better than a high-rate federal loan.

It is a little confusing because after you graduate, you probably will write one check to the lender each month to pay for the entire amount you borrowed.

As long as you make the payments on time and in full, the multiple student loans showing on your credit report will not have any negative effect on your ability to get new credit.

Perkins Loans fill gaps left after other financial aid is expended.

Funding is limited, so your best bets for securing a loan are to file early, and meet federal financial aid eligibility requirements.

If you are considering consolidating your loans, one mistake that you definitely want to avoid is combining your private loans with your federal government loans.