Having more accounts equal better credit?
 

I have 6 accounts open with 5 of them being student loans. A new loan is opened every semester ( I need it) so would i improve my credit rating the more loans i get?

My serious answer:
As long as you stay current and don't fall behind.

My sarcastic answer:
Since when don't banks love seeing massive amounts of debt on your credit report?

Both are solid answers!:D

FMB, in general banks love to see a healthy combination of loans and revolving accounts. In your particular case (a student) I don't know if having 6 loans instead of 5 does anything to improve your credit rating.

Having more accounts equal better credit?
 

But isn't his AAoA taking a hit every semester? I just took a summer school class and ended up with two loans (1 sub, 1 un-sub) and my AAoA dropped a bit on CK.

Diminishing effects. If you only have a few accounts, then yeah, new accounts may have a significant impact on AAoA. But as you add more and more accounts (open or closed), the impact of new ones becomes less and less. That's why people can churn for years on end and have no problem with AAoA.

Your credit isn't going to go up by adding more student loans. I've heard as long as you consistently pay the student loans on time it will work to your advantage over time but not in the near term.