11/16/2023 0 Comments Possible finance requirementsYou can search for the latest listings of international scholarships.Īll you have to do is to make sure that you are eligible for the scholarship. There are a lot of available scholarships that are designed specifically for international students. Sponsors can be located inside or outside the US. Many international students have a sponsor, such as a family member, to help cover their educational expenses. If you are planning to study in the US but do not have sufficient personal funds yourself, you can have a sponsor support you instead. Your bank statement and documents should be on bank letterhead with the name of the account holder, account number, and the total amount of funds indicated on the forms. Original Documents in EnglishĪdditionally, it is important that all of your documents are original, in English (or an official translation attached), and official. The embassy is looking to see that you have immediate funds to cover the first-year costs of your education and that you’ll have access to funds for the following years needed to complete your degree. Investments with fluctuating values and property deeds are not generally recommended as acceptable proof of funds. The US government is concerned more with liquid assets such as savings accounts and checking accounts since they want to ensure that you have easy access to these funds. Scholarships (which should be indicated on your I-20).Three years of bank records and/or fixed deposit statements of your sponsor (which can also be your parent). Original tax returns from the last three years (Form 16).While there are generally no specific documents that prove this, there are some commonly used documents that help support proof of funds including: The consulate will want to see that you are able to cover the cost of your education and living expenses. It is important that you check directly with the consulate as this may vary by country and agency, but here are some general considerations and documents you should bring during your visit. To meet the Proof of Funds requirement for your F-1 visa, you will either need to present proof of funds for yourself or do so through a sponsorship (such as a relative financially backing or funding your education). This includes covering tuition and fees, living expenses, and any dependents – without working during your studies. Once you’ve narrowed down your choice of schools and confirmed admissions, the next step is to apply for an F-1 international student visa to get authorization to study in the US.Īll prospective foreign students are required to demonstrate that they have the financial capability to support him or herself while studying in the US. F-1 Student Visa Proof of Funds July 15th, 2021 by IEFA
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