Certainly, to get your study visa easily and quickly, you need to show evidence that you are fully capable of supporting yourself. For example, if you are studying in a foreign land, then in case of any emergencies, you can handle them. Whether it is a financial or medical emergency, at least in monetary terms, you can manage it. In addition, you are also able to cover all your tuition fees, living expenses, and any other miscellaneous expenses without working. Basically, you need to give proof that you can manage yourself well if you only focus on your studies.
In this article, we will explore all the types of financial funds and documents that you need to know while applying for a study visa.
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What Are The Solid Financial Supports to Get Your US Student Visa?
Below are some of the types of financial documents that you will need to secure a study visa:
Proof of Funds
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 or a company financially backing your education). Here are some considerations and documents you should bring during your visit.
Proof of liquid assets
The consulate will want to see that you can cover your education and living expenses. While there are generally no specific documents that prove this, below are some commonly used documents that help support proof of funds. Original tax returns from the last three years – Personal or Parents’ that prove your income (Form 16). Three years of bank records and/or fixed deposit statements of your sponsor (which can also be your parent), this should be equal to or greater than the amount printed on your Form I-20
Original Documents in English
Additionally, it is important that all of your documents are original, in English (or an official translation attached), and official. Your bank 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.
Sponsorship
If you are planning to study in the US but do not have sufficient funds, you can have a sponsor support you instead. Many international students have a sponsor, such as a family member, to help cover their educational expenses. Sponsors can be located inside or outside the US. This may also come from existing scholarships
Affidavit of Support Form
If the student is sponsored by a US citizen, they would need to complete the I-134 Affidavit of Support Form that requires the sponsor to cover any expenses that the student cannot afford. If the student is sponsored with funds outside the US, then the embassy would check to see if there are any fund transfer restrictions from the specified country.
Consulate and Embassy
The final determination of sufficient proof of funds is made by the consulate or embassy. Even if you provide these documents, they can still deny the student visa. Be sure to check with your school and consulate to make sure you have all the proper forms necessary when arriving for your F-1 student visa interview. Also, make sure that you are prepared to answer all of the questions in the interview in the best way possible.
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Conclusion
To conclude, you need to make sure that you have all the following documents mentioned in your file. In this way, you can surely show solid proof and acquire your visa. Moreover, you also need to listen to your visa advisor and make sure all your financial documents are up-to-date. But don’t make the mistake of being fully dependent on your visa advisor. Instead, make sure to do some research on your own.
