Bank Statement For Graduate School Admissions in U.S.

Last couple of days, there been lots of comments requesting to select universities, H1B Visa status and admission related questions. Since some comments require lengthy response. I’m posting the answer as an article in response to the comment from Indu for the Bank Statement for F-1 Student Visa,

I am applying for fall 2009, for Graduate program (PhD) in Biological Sciences.
I would like to know about the Bank Statements as i need to show loans as my source of Finance.
As Banks say they cant give a statement till the University confirms the admission,how can i send my Application to the University without the Bank Statements,as it is one of the requirement of the Application Kit that needs to be sent.
Please advise me for both UK and US Universities.

Please also tell me what other Financial statement can be presented.
1.Does property papers can be shown.
2.Can my Brother who is in US,show his savings as Financial statement for my studies

Thanks and Regards

Indu

Bank Balance Statement - Funding Source

Bank statement and Bank loan are different. Bank statement [sample bank statement] will show current bank balance, name of the account holder, when bank account was opened and other such details.

Bank is right, they don’t give bank loan before Universities issues I-20. But, universities in U.S. will ask International students to send financial affidavit form along with bank statement.

Usually, amount of bank balance universities expect will be displayed in admission requirements page or within the financial affidavit form. If that information is not displayed, the rough estimate is the total expenses for 1 year, that includes tuition fees and living expenses.

For instance, University of Texas at Dallas requires $25,000 for first year, then bank balance should be more than $25,000. Only then I-20 [sample I-20] will be issued to the student.

Property papers as proof for University admission

Nope, I don’t think so, you will need to show cash. From the sample bank statements in above links, you will see USD equivalent of Indian Rupees. Property can be used for immovable property during student visa interview.

Brother sponsoring education

Yes, brother and relatives can be sponsors.He has to fill financial affidavit form that university provides or send bank statement saying he’s your brother. When I-20 is issued, his name will be listed as the sponsor.  When appearing for visa, your brother has to send one more bank statement and affidavit form. You can read more information about borrowing money from relatives for student visa.

Can I say my brother lives in U.S.?

I have seen few students who try not to disclose relatives who live in U.S. because it might lower the chances to get visa. If you are not disclosing the information, you are lying in the visa application, it doesn’t take long for U.S. consulate to find out that you haven’t disclosed the right information. For siblings, same last name, address will same on the passport.

Do, you want to take that risk of lying in Visa application. I wouldn’t and I didn’t. When my brother applied for student F1 visa, we didn’t even think about hiding any facts. If they find it, then that person cannot enter U.S. for lifetime.

How to get bank statement

Usually, students when applying for Graduate School admission in U.S. Universities they will collect money from relatives, friends and deposit in bank account for 1 or 2 days, then get bank statement from the manager, and re-distribute the money back.

Hope the suggestions and answers will help you with your questions. Good luck, let me know if you have any further questions.

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