Query: As I read about the federal student loan options, there was an option of freezing. Does it effect my credit report?
Context: One of the Federal Student Loan Options is freezing the program. It is also known as deferment. What happens in this is that the loan program is halted for a specific period of time, in which your repayment interest rate does not increase if you do not make the repayment. Having said this, it should be noted that there can be a negative effect on your credit report.