Paying Stanford Tuition

| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 10% |
| Lender Rate: | 17% | Borrower: | SmallBuilder |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-10-29 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Oct 30, 2007 | Current |
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Purpose of loan: I need to pay my son's tuition at Stanford. He is a junior in EE and captain of the Ice Hockey team. I have been funding the tuition out of salary but with two in coolege I need to set up a long term loan. I will not quailify for loans through the school due to my income. My financial situation: I will be able to make the payments out of my salary and bonuses at the end of the year. I get paid alot at the end of the year, but not that much per month. I have been able to pay for his scool out of cash each month but my daugther is also in college. Monthly net income: $ 20,883 Monthly expenses: $ Housing: $ 6600 Insurance: $ 400 Car expenses: $ 866 Utilities: $ 300 Phone, cable, internet: $ 175 Food, entertainment: $ 1200 Clothing, household expenses $ 2000 Credit cards and other loans: $ 2000 Other expenses: $ 3000 |
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