Bilt Rewards now enables students to earn rewards on their student housing payments and redeem their rewards toward student loan payments. The first of these new capabilities results from the expansion of the Bilt Rewards network of homes to include student housing properties, beginning with those of its launch partner American Campus Communities (ACC). This partnership with ACC, which is a student housing company and a Blackstone portfolio company, will begin in late May at two properties at Baylor University and then expand in the coming months to the broader ACC portfolio that serves nearly 140,000 students. The collaboration extends to student housing properties the Bilt Rewards payments and commerce network that transforms housing and neighborhood spending into rewards and benefits. The other new feature announced — the ability for Bilt members to redeem their Bilt Points toward eligible student loan payments — is the first of its kind for Bilt Rewards. Starting Wednesday, Bilt members can redeem Bilt Points on student loans with five servicers: Nelnet, MOHELA, Sallie Mae, Aidvantage and Navient.