Do student loans count towards income for the purpose of obtaining a loan?
I’m in graduate school and I’m taking loans for all of my living expenses. It comes out to about $25,000 per year for living expenses. If I fill out a loan application, can I include this as income which is otherwise nothing?
Tags: Count, do student loans count as income?, Graduate, Income, loan, Loans, obtaining, purpose, Student, Student Loan, towards
No. Sorry, but on the bright side, most lenders won’t be checking your income. That’s why so many mortgages are in default.