What payment amount should be used for student loans?
If a payment amount is shown on the credit report , it may be used for qualifying purposes. A payment on the most recent student loan statement may also be used. For income-based repayment (IBR) plans, documentation verifying the payment must be obtained (even when the IBR payment is $0). For deferred loans or loans in forbearance, a payment of 1% of the outstanding balance, or a fully amortizing payment using documented loan repayment terms should be used.