This application was filled out for a student loan. The student in question is looking for some extra class credits by studying during the summer break. He needs $2000, but has only been employed for six months – this can cause a problem because that is not long enough for lenders to feel comortable approving the loan.

As you will see, he needs the extra classes, and his scholarship is aready tapped out.

Type of Loan :: Student Loan

Why do you need a loan? :: I need a loan to help pay for summer classes that aren’t covered under my scholarship grant.

How Much Do You Want To Borrow? :: Over $2000

Length of Employment :: Over 6 Months

Time at Address :: Over 5 Years

Age :: Over 21

Extra Info Here :: I have a son who almost 6 months

Sex :: Male

Marital Status :: Single

Ever Claimed Bankrupcty? :: No – never

What Country is Your Primary Address :: United States

What State/Province is your primary address in? :: Toledo Ohio

Have you checked your credit report lately? :: No

Would you consider your credit rating to be? :: Fair

Collateral? :: No

Down Payment? :: No

Do you a have co-signer or co-borrower? :: Yes

Employment Industry :: I work two jobs – one is at a gym for Parks and Recreation and the other job is with a local moving company.

Because this borrower has two sources of income, and he has a co-borrower, he was approved wihin 24 hours.

Related posts:

1. Different Financial Aid Options and Student Loans [3] Continued from [2] Ohio State-Level Financial Aid The second source of financial aid available is through your child’s state of residence (in our case, Ohio State) in 2007 15% of college freshmen took advantage of Ohio state aid programs. These are usually based on need...
2. Different Financial Aid Options and Student Loans [2] Continued from [1] There are four primary sources of financial aid. There is federal, state, college, and private. The federal aid programs are usually the most generous. The Federal Pell Grant First, the federal Pell Grant is based solely on federal eligibility criteria and does...
3. Financial Aid and Student Loans [2] Continued from [1] The problem with is that education has become so costly that it is often one of the top three most expensive undertaking in our lifetime, along with retirement and buying a home. I know many people living in Ohio who end up...

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A LOAN CALCULATOR; Enter your loan amount, how many years, the interest rate, and payment frequency (14 for biweekly, 30 for monthly, 7 for weekly. Very helpful so you know exactly what the loan will cost you in interest payments and you will know the total COB (cost of borrowing).

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