Student Loans by Loan Type Conventional Student loans must be included in the borrower’s liabilities, regardless of payment type or status of payments (cannot exclude based on a deferral or forbearance).   •   Fannie Mae: o 1% of the outstanding balance on the loan; or o The actual payment that will fully amortize the loan as documented on the credit report or by the lender (the credit report must indicate it is a fully amortized payment;

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