In order to reside in
College Park Housing, our residents must be enrolled in Riverland
Community College with a minimum of eight (8) credits per semester.
A resident can qualify in one (1) of three (3) ways. The first
way is that they provide financial documentation that they gross
(before taxes) in a year one and a half (1.50) times the total
rental amount on the lease contract. Financial documentation can
include financial aid, loans, recent bank statements, current W-2
tax forms, trust fund accounts, or any other financial documents of
funds that can be liquidated quickly or that don’t fluctuate due to
financial market activity. The second way is that a resident can
provide a guarantor and guarantor paperwork. A guarantor is anyone
of the age of eighteen (18) that can provide financial
documentation that shows they gross three (3) times the total
rental amount on the lease contract. The final method of qualifying
is that a resident can pay the entire total rental amount for the
lease before he/she moves in. A resident doesn’t need to
provide qualification paperwork at the time of lease signing, but
instead has fourteen (14) days after signing a lease to provide
qualification paperwork.