Bilt Rewards Expands Network of Homes into Student Housing, Introduces Capability to Pay Student Loans with Bilt Points
Apr 23, 2025
NEW YORK, NY – April 23, 2025 – Bilt Rewards, the payments and commerce network that transforms housing and neighborhood spending into rewards and benefits, today announced a significant expansion of its network of homes to include student housing properties, with American Campus Communities (ACC)—a Blackstone portfolio company and the nation’s leading student housing company—as its launch partner. Additionally, Bilt is introducing a first-of-its-kind feature allowing members to redeem their Bilt Points toward eligible student loan payments, further cementing Bilt Points as the most valuable and flexible rewards currency in the industry.
Bringing Rewards to Campus
This groundbreaking partnership with ACC will enable students aged 18 and older to earn rewards on their student housing payments, extending Bilt's value proposition to younger consumers earlier in both their housing and financial journeys. The collaboration will begin in late May with Baylor University (U Pointe on Speight and The Union properties), with plans to expand to the broader ACC portfolio, serving nearly 140,000 students, in the coming months.
"At Bilt, we're constantly expanding our network of homes and looking for ways to help our members maximize value from their largest monthly expenses," said Ankur Jain, Founder and CEO of Bilt Rewards. "By expanding into student housing, we're bringing the most valuable and flexible points currency in the industry to a new generation of renters, allowing them to build credit history and earn meaningful rewards on one of their largest expenses."
“Today’s students expect more than just a place to live; they want experiences that are innovative, impactful, and aligned with their academic goals,” said Rob Palleschi, CEO, American Campus Communities. “One of our core values is championing student well-being, and helping to set our residents up for long-term financial security and success is key to this mission. Our partnership with Bilt Rewards is a powerful new way for us to deliver on our promises to our residents.”
New Student Loan Payment Redemption Option
As part of this expansion into the student market, Bilt is also introducing a first-of-its-kind feature that gives members the option to redeem their Bilt Points toward eligible student loan payments. Around 51 percent of college undergraduates finish their education with student loan debt—with an average balance of $38,000 per borrower1. This milestone feature allows Bilt Members to apply their Bilt Points to one of their largest monthly expenses, with 1,000 Bilt Points equaling $10 in redemption value on eligible student loan payments.
Starting today, Bilt Members can redeem Bilt Points on student loans serviced by Nelnet®, MOHELA®, Sallie Mae®, Aidvantage®, and Navient®—with additional servicers becoming available throughout the coming months.2
"Research shows that student debt is now the second-largest form of consumer debt in America," added Jain. "By enabling members to redeem Bilt Points toward student loan payments, we're addressing a critical financial need while continuing to differentiate our program as offering the most valuable and flexible points currency in the industry."
Bilt Points can be redeemed directly toward eligible student loan payments via the Bilt website or the Bilt mobile app, making the process seamless and user-friendly for members.
Rewards in Your Home and Neighborhood
When members pay their rent through Bilt, they unlock two powerful benefits:
Earn Rewards on Every Rent Payment: Earn the industry's most valuable and flexible points every time rent or student housing payments are made on time through Bilt. Members can transfer their points to their favorite airlines and hotels, use them for future rent payments, save them for a down payment on a home, and now redeem them toward eligible student loan payments. Plus, they'll discover new rewards every month through Bilt's Rent Day Rewards drop.
Access Neighborhood Benefits™: Bilt membership opens doors throughout the neighborhood. Members enjoy exclusive benefits at local restaurants, coffee shops, pharmacies, fitness studios, and more – all right where they live.
This expansion reinforces Bilt's commitment to offering the industry's most valuable and flexible points currency. By allowing Bilt Points to be earned on student housing payments and used for student loan payments, Bilt continues to provide unique value that resonates with members' real-life financial priorities.
For more information about this offering, visit www.bilt.com/student-loans. To become a Bilt Member, visit www.bilt.com.
1 Bankrate – “Student Loan Debt Statistics”: https://www.bankrate.com/loans/student-loans/student-loan-debt-statistics/
2 Bilt Rewards is not affiliated with, endorsed by, or sponsored by Nelnet, MOHELA, Sallie Mae, Aidvantage, Navient, or any other student loan servicer or lender. Bilt Rewards is not a student loan servicer or lender and redemption does not constitute loan assistance, debt relief, or a change in loan terms.
About Bilt Rewards
Bilt Rewards is the payments and commerce network that transforms housing and neighborhood spend into rewards and benefits for everyone involved, and the first program to allow members to earn rewards on rent and HOA payments while building a path to homeownership. The Bilt Rewards Alliance is a network of more than 4.5 million homes across the country that rewards residents on each residential payment and enables property managers to increase resident loyalty and cost savings. Launched in June 2021, Bilt boasts one of the highest value rewards programs on the market today—including one-to-one point transfers for travel across over 100 major airlines and hotel partners; fitness classes at the country's top boutique studios; limited-edition and exclusive collections of art and home decor through the Bilt Home Collection; and the ability to use Bilt Points for rent credits, toward a future down payment on a home, or toward eligible student loans. For more information, visit www.bilt.com.
About American Campus Communities
American Campus Communities is the nation's largest developer, owner, and manager of premium student housing communities throughout the United States. With extensive experience in design, finance, development, construction management, and operational oversight, the company has facilitated over 115 public-private partnership (P3) transactions at 65 colleges and universities nationwide. Visit www.americancampus.com and follow the company on LinkedIn, Facebook, Instagram, and X to stay updated on the latest student housing news.
