Bank Balance for students with Scholarship - Reader’s Question
November 27, 2007 by Raghu
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.
Similar Posts:
- Bank Statement for F1 Student Visa
- Bank Balance of Students who got F1 Visa
- When To Send Bank Statement to U.S. Universities
- Bank Balance for F1 Visa ( Updated )
- Vivek - How to Get F-2 Dependent Visa For My Wife?
- 3 Years of Bank Statement for I 20?
- How Much Bank Balance for F-1 Student 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?
@ 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.
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?
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.