Eligibility: Income/Assets
- Income and assets may be considered in determining eligibility for loan forgiveness funds. Although a reasonable amount of assets will not disqualify an applicant, substantial amounts of income and assets may lead to a reevaluation.
- In calculating the applicant’s adjusted income, the FAO will include other taxable income (e.g. interest income, dividend, etc) and non-taxable income (e.g. room and board).
