Can Paying Down Your Student Loans Affect Your Credit History? Often, your credit rating will answer particular economic behavior in unforeseen means. What are the results once you repay a student loan is just an example that is great. Whenever you finally spend your student loan debt off, it’ll be a critical cause of event. You usually takes all that extra cash for you and your friends that you were putting towards your loans and throw an awesome party! Although in case your buddies continue to be making education loan re re payments, they might think you’re being variety of a jerk.