the problem with student loans is that it is hard to get a letter specificaly stating that it is not in repayment for 12 months. It is common knowledge that loans are not due while you are in school, but the loan companies will usually only send a letter that stated as long as you are in school the loans are in deferrment. The school might provided a letter that states your expected graduation date. That said, neither letter guarantees that the loans will not have a payment for a minimum of 12 months. If you were t drop out of school, the loans would become payable. There are hardship deferrments and such that can last 12 months or more but there is 2 problems with them
1. If you are in school, your loans are in a rolling deferrment while you are in school. Therefore you can not get this.
2. Alot of times this paperwork must be donw via mail and signed paperwork. By the time it all gets entered and you get the official letter, you may only have 10-11 months left of the deferrment. Therefore it does not prove 12 months deferrment. Some companies are better at doing these over the phone/fax/email but some still require written explanations that are signed and they want the original copies.
So, if you can get written proof that the loan is deferred for 12 months (post close date) then you can ge them excluded frm DTI.
