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What would an apartment leasing office want as income verifcation from someone on student loans?


What would an apartment leasing office want as income verifcation from someone on student loans?

It depends on the likelihood that the apartment will remain vacant if that student doesn't rent it. But chances are the landlord or agent will want a guarantor if the student has no assets or income other than loans and, perhaps, voluntary support from parents. It may be that the college housing office can give a hand.

As for "verification" per se, the office will want to see bank statements and loan documentation. Again, in the absence of the latter a letter from the student housing office of the college might work. Whatever the problem, the housing office will have dealt with it before.

you can't pay rent with student loans. you need a job and then show them a pay stub.

A Co-Signer like a parent! If you don't have any other income but your student loans, you can't lease an apartment.

They want to know that you're going to be able to pay them.

Probably a copy of the award notice from the financial aid office. They will probably also want your parents to co-sign, or sign some sort of guarantee. I wouldn't want to rent to students, who get all their money at the beginning of the semester and run out by halfway through. Unless, of course, you paid the entire rent to the end of the semester in advance. That's what we had to do in the dorms, after all.

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