Introducing Student Loan Redemptions: A New Way To Use Your Bilt Points

At Bilt, we've transformed how our members think about their largest monthly expense by making rent payments rewarding. We recently introduced the expansion of our network of homes to include student housing, enabling students to earn rewards on rent and access benefits in their neighborhoods. Now, we're taking this a step further by addressing another significant financial commitment for many of our members.

Today, we're excited to announce that Bilt Members can now redeem Bilt Points directly toward their eligible student loans. With this feature, members can use points earned from paying rent to help reduce their student loan balances. It's another direct way to make monthly rent payments even more rewarding.

How it works

Supported loan servicers

Our student loan redemption works across multiple major loan servicers, making it accessible to members with various loan providers. We currently support Nelnet®, MOHELA®, Sallie Mae®, Aidvantage®, and Navient®—with additional servicers becoming available in the coming months, making this redemption option available to even more members with student loans.

We identify eligible loans by your request through the Bilt platform. When initiating a redemption, you'll see which of your loans are eligible, with clear information about your balance and loan details.

Redemption value 

Redeem at 1 cent per Bilt Point – one of our more valuable redemption options. This competitive rate means your points go further toward helping to pay  your eligible student loan:

• 1,000 Bilt Points = $10 toward your student loan

• 2,500 Bilt Points = $25 toward your student loan

• 10,000 Bilt Points = $100 toward your student loan

Your point redemptions are sent as a payment to your loan servicer, following their standard payment application process—typically addressing fees first, then interest, and finally, the principal.

The most valuable and flexible point currency

This launch connects two important pieces of our vision: rewarding students on their rent payments and enabling Bilt Members to apply rewards toward education costs. It's part of our broader initiative to make your housing expenses rewarding at every stage, from student living to your post-college apartment.

Delivering the industry's most valuable and flexible points currency means adapting to what matters most to our members at each life stage. By adding a student loan redemption option, we're further expanding this flexibility and meeting our members where they are. Whether you're looking to travel, cover your everyday expenses, or now, help pay your student loans – Bilt Points work for what matters most to you.

Getting started

Ready to turn your rent payments into rewards that can be applied toward your student loan payments? Head to http://bilt.com/student-loans to explore this new redemption option.

Note: Bilt Rewards is not a student loan lender or servicer and does not manage repayment obligations. Bilt Points are earned independently of any loan activity and may be optionally redeemed by the user. Redemption does not constitute loan assistance, debt relief or a change in loan terms. This redemption option is provided as a convenience to members and Bilt makes no guarantees about the impact of these payments on your overall loan status, terms, or repayment schedule.