Clarify that Bank Loans (in the Debt section) should not include Mortgage Loans (in the Real Estate section)

I've seen many applicants duplicate their mortgage balance in the 'Bank Loan' section, thereby "double counting" their debts. This is a six digit overstatement and could significantly affect the HCE calculation. Since BBFAM does not review this (nor ask for document verification) and the school cannot make this change in the system, the school needs to open a support case each time this needs to be corrected.

  • Sherry Monico
  • Dec 2 2022
  • Under consideration
  • Attach files