Getting a Citi DC as a student?

[Anonymous]

First of all, side note; she's in grad school and has already worked for several years. Not a fresh face outta high school  She has some good credit history also, too as a result.

She pays off her bills from her financial aid. Even students gotta eat...but she pays for herself, not her parents. She has financial aid + savings.

[Anonymous]

So she has income lol That would have cleared up a lot of confusion from the start. She should be able to use financial aid as mentioned by others.

Does savings count as income since its money you already have? I'm not sure.

[Anonymous]

Ah I did not even think to use the financial aid as income. Good thought. 

[nightglider]

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@Anonymous wrote:
So she has income lol That would have cleared up a lot of confusion from the start. She should be able to use financial aid as mentioned by others.

Does savings count as income since its money you already have? I'm not sure.

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Indeed it does. I had to recon for the DC and when I did, I made it clear that part of my reported income was liquid assets.

[Anonymous]

Cool, never knew. Thanks

[Anonymous]

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@nightglider wrote:

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@Anonymous wrote:
So she has income lol That would have cleared up a lot of confusion from the start. She should be able to use financial aid as mentioned by others.

Does savings count as income since its money you already have? I'm not sure.

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Indeed it does. I had to recon for the DC and when I did, I made it clear that part of my reported income was liquid assets.

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How do you report this on your app? Say you get $X / year in financial aid, and then you have liquid savings which you use to survive of $Y. Do you just add X+Y? Cause obviously the next year, Y will be less...

[Anonymous]

FYI as an update my GF was approved for the Citi DC with a 2K limit . Not sure what exact value she put in the income box but it was savings + financial aid.

[OmarGB9]

Grats!

[Anonymous]

It asks for monthly income. How would savings be calculated into "monthly income" when it is really just money you already received, instead of a steady flow of income? 

[Anonymous]

I believe it asked for annual income and monthly rent. I also recall that from my own Citi apps.