How do I evaluate student loans on a tenant application?

[Brandon Vanderford]

I received an application from a tenant who is otherwise qualified, but the credit report shows over 100K of student loans remaining. I am concerned about the monthly payment required to pay these loans, but the applicant states that she only has to pay $275/month. Is this temporary (a type of COVID-relief measure)? Does anyone have experience renting to tenants with high student loans? 

[Daniel Umstead]

Hi Brandon, 

Being on the other side as a student loan recipient, the biggest disqualifier that comes up is if they defaulted on their loans.  I currently am not as high as $100k in student debt, but a good amount.  I have been current on my student loans but I have been told that if I ever defaulted on them that it would be a huge credit risk, hope this helps. 

Best, 
Daniel