As the end of the federal student loan forbearance period moves closer and borrowers begin to plan for necessary changes to their personal finances and household budgets, new research is beginning to depict the potential impact of these payments on Americans’ credit scores.

This week, MarketWatch published an article citing VantageScore’s recent analysis on the potential credit score fluctuations that could result from the resumption of monthly student loan payments.

“In a score that ranges from 350 to 850, the credit scores of borrowers missing the first payment could eventually shrink by 49 to 82 points on average, according to VantageScore estimates.

On the other hand, people who make that first resumed payment could ultimately see anywhere from a 3- to 8-point average increase depending on variables like a person’s credit history, VantageScore researchers said.”

For more information on the anticipated impact of student loan repayments on borrowers, read  VantageScore’s full analysis on the end of the forbearance period here: https://www.vantagescore.com/major-credit-score-news-new-federal-debt-ceiling-law-ending-student-loan-forbearance-to-impact-credit-scores/.