Hi,
Is the proof of funds calculated as a net of assets - liabilities or do they only require that you list liabilities as proof that you didn't use a loan for the funds being declared as savings?
I have an outstanding student loan but it isn't being serviced from the savings listed in the declaration. My concern is that they will deduct the total outstanding amount from the savings provided (in which case that value would now fall under the minimum requirement of $12,164). Please advise
Is the proof of funds calculated as a net of assets - liabilities or do they only require that you list liabilities as proof that you didn't use a loan for the funds being declared as savings?
I have an outstanding student loan but it isn't being serviced from the savings listed in the declaration. My concern is that they will deduct the total outstanding amount from the savings provided (in which case that value would now fall under the minimum requirement of $12,164). Please advise