Get Or Income And Expense Statement 2015-2025

The OR Income And Expense Statement is a crucial document for individuals applying for scholarships, providing a detailed overview of their financial situation. This guide will walk you through each section of the form to ensure accurate and complete submission online.

Follow the steps to effectively complete your OR Income And Expense Statement.

1. Click ‘Get Form’ button to access the OR Income And Expense Statement and begin the process of filling it out.
2. In the monthly income section, list all sources of income. Begin with your salary as the applicant, followed by your spouse or partner's salary if applicable. Include details for financial aid, scholarships, grants, educational loans, and any other income sources.
3. Once you have entered all income details, calculate your total monthly income and enter this amount in the designated space.
4. Proceed to the additional information section. Here, provide details about savings accounts, investments, and any past educational loan debt. Also, report the monthly income of your parents if you are a dependent.
5. Next, fill out the monthly living expense section. List each expense, including rent, mortgage, utilities, food, clothing, and any child care costs. Be thorough and ensure you account for all monthly living expenses.
6. After listing living expenses, total these amounts and enter the sum in the total monthly living expense field.
7. Move on to the educational expense per term section. Provide details for tuition, books, supplies, and any transportation costs related to education. Then, calculate and note the total educational expenses.
8. Determine the number of months per term — for instance, enter 3 for terms or 4.5 for semesters. Divide the total educational expense by the number of months to find your total monthly educational expense.
9. Finally, calculate the difference between your total monthly income and total monthly expense. Sign and date the statement to complete the form.
10. After finishing the form, you may save the changes, download, print, or share the OR Income And Expense Statement as needed.

Complete your OR Income And Expense Statement online today to enhance your scholarship application.