Bank Balance for students with Scholarship – Reader’s Question
By HSB On November 27, 2007;
Question from Rajiv
I got I-20 from the University of Mississippi. I got assistantship from the college. In I20 cost for first year education is $21,250. I got $13380 as a fund from the college and I have to show $10000 as family fund. Now how much i have to show in the bank balance?
Good to see that you have assistantship. That reduces much of your worries to get student visa to and also the amount to be shown for bank balance reduces much. One of my friend had full scholarship and he had taken bank statement for the total cost of education, but he was asked to take away the bank statement from the list of documents in the counter, since he had full scholarship.
Since you have about $13K in Scholarship, you will need to show proof, preferably in liquid cash for the remaining first year and second year. Also, get student loan approval and use that as your back up source.
Example:
First Year : $10,000 ( in Cash )
Second Year : $22,000 ( in Cash )
Backup : $10 Lakhs in Student Loan
Above case will definitely increase your chances for Visa.
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I got I20 from from NDSU.I got assistantship from the college.In I20 the cost for first year education is $22,284 and I got a fund of $14,768 from the college,but still I need to show $28,900 as a family fund.How should I show my bank balance in that case?
Hi,
I have secured admission in New York Institute Of Technology for Undergraduate Course(Computer Science and Electrical Engineering – 4 yrs course) starting Fall 2009.
I have been intimated the sanction of schlorship $9000 every year by NYIT. also I have been promised attractive package by way of grant,aid,loan and part time on campus job.
The yearly estimated cost per year is mentioned below:-
Tutuion And Fees – $21498
Books And Supplies – $800
On Campus Living And boarding -$10014
Other Expenses -$2550
Total Cost per Year -$34862
Please intimate what bank balance is required to shown during the visa appointment
I also hold a non-immigrant tourist visa valid for another 7 years.
Kindly guide for the funds and my chances to get the student visa.
Many Thanks
Hi,
I have secured admission in Keck graduate Institute for Masters in Biosciences course( an integrated management and biosciences course of 2 years);and have got a tuition fellowship of 15000 $ per year. I have applied for a international student loan of 20500 $ for the first year and plan to apply for another in the second year of the same amount. The estimated minimum expenses are:
Tuition and fees for the 2008-09 academic year are billed at the following rates:
Tuition: $37,900
Student Services Fee: $260
Student Activities Fee: $160
Total billed fees: $38,320
Other Estimated Costs
Housing, food, transportation and personal expenses: $21,000
Books, supplies and a laptop computer: $1,000
Total other estimated costs: $22,000
So the total fees come to 60320 $ per year. A lot of money…
I also have a sponsor who will sponsor about 50,000 $ for me.
Now, Kindly guide as to how I should show my funds and what are my chances of getting a visa.
My GRE score is 1330 and TOEFL iBT socre is 110/120.
Please help.
Thank you in advance.
Hello there!
I have got 100% tution waiver and 20k annual stipend for phd in the US …DO u guys think i will have to show bank statements?
@ Ashish
I’m not sure about Current Account. Usually they dont suggest to have Current Account. You need to have loan sanctioned letter for Visa.
Is it necessary to show liquid cash in Savings. Can we use Current account for it?
Can we use a Loan Sanction Letter stating that the loan of XXX amount will be sanctioned if the student is granted VISA or should it already be sanctioned beforehand?