Distance Learning Education Loans
Lenders require that you supply a number of documents for very specific reasons. By comparing the data revealed on each of these documents, they get a feeling of not only what you can afford but how honest you are with them. For example, if you inflate the value of your car by putting its list price as its value, they have reason to suspect the rest of your figures.
Cars depreciate 20 to 30% as soon as you drive them off the showroom floor.
For a distance learning education loan you will complete a detailed application. Depending on the size of the loan, you may be asked to provide copies of your W2 form showing your current income. Be prepared also with a current pay stub. Often you will be asked to provide copies of your last two or three years, tax returns.
If you are asking for a sizable education loan, or if you are not a W-2 employee, you will probably also be asked to prepare a balance sheet and an income statement or a cash flow statement. A balance sheet is an accounting of your assets and your liabilities. Your net worth is the difference between them.
An income statement is an accounting of your income and expenses. It itemizes your sources of income and your expenses. A cash flow statement details your cash inflows and outflows. Many financial planners and planning books confuse these two. CPAs and bankers though do make a clear distinction.
When you itemize your expenses, you generally list your mortgage and car payments as an expense. However, technically, only the amount of each of those payments that goes to pay the interest due is an expense. The balance is going toward building up your equity in the respective asset. (Le. The difference between an income statement and a cash flow statement.)
Related Tags: education loans, distance learning education loans
John Barrons is an author for the website Online Quick Loan Application, which is dedicated to helping people prepare for the loan process and to learn which type of loan is best for them. To learn more about Distance Learning Education Loans or Loans in general visit Online Quick Loan Application at:
http://www.onlinequickloanapplication.co.uk/Distance-Learning-Education-Loans.html
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Home Equity Lines Of Credit For Starting Your Own Business
Home equity lines of credit can provide you with all the financing and flexibility your new business - Dealing with Financial Aid in Graduate School
Financial aid in graduate school doesn't work quite the same way as financial aid for undergraduate - Using the Private Student Loan
There is a variance between federal student loans and private loans in the sense that federal loans - Full Scholarships For The Students of University of Wyoming
The University of Wyoming has introduced the Trustees Pride Scholarship Program which offers eligibl - Scholars Should Start Investigating Where They Can Apply for Scholarships and Grants
Scholars should start investigating where they can apply for scholarships and grants. It is best to - Tips on Getting A Scholarship
Not all of us is aware of the process you have to follow in order to get a scholarship and in their - College Education Financing - Finding Scholarships, Grants and Loans
There are several sources of financial aid available for college students. Grants and scholarships a - 529 Savings Plans, Trick or Treat?
College financial aid officers across the county must be in a state of euphoria now that Congress ha - Small Business Owners Can Save Thousands On College Costs
College and college-bound families should be looking into a unique opportunity to save tens of thous - Private Scholarships - The Billion Dollar Rip-off
Towards the end of every school year, most non-profit organizations hold their Awards Banquets where
Most viewed articles in this category:
- The Basics Of Student Loan Consolidation
Records have shown that there are about 20% of college students who are using student loans to pay f - Don't Pay Your Student Loans, Have them Forgiven
Okay so you went to college, had a good time, went to a few parties, studied hard (hopefully) and gr - Saving Good Money On Your Student Loans
Here are a few important tips on how you can save money on your student loan. Read this article care - College Student Loans - Financing Your Education!
A college student loan has given many people all over the United States a chance to further their ed - Education Loans: Elucidate Your Life With The Education You Dream Of
The growth and development of a nation depends significantly on the quality of the human resource of - Free College Scholarships Ease Financial Burden of College Education
It's no secret that college tuitions have skyrocketed over the last decade. College scholarships hav - Private Scholarships - The Billion Dollar Rip-off
Towards the end of every school year, most non-profit organizations hold their Awards Banquets where - Using the Private Student Loan
There is a variance between federal student loans and private loans in the sense that federal loans - What To Do When You Need Extra Money for College
Paying for college is one of the biggest headaches that both parents and students are faced with onc - Consolidate Student Loans - 3 Helpful Tips
Earning a college degree is one of the most significant accomplishments in life. However, going to c
