<p>I recently heard that if we dont have frequent transactions with the bank, those bank statements dont work well. What do college really want to see in the bank balance and bank statements.
Some colleges I am applying to have annual fees of around 50,000 but they doprovide good scholarships. how do I make bank balance for such colleges.
I am totally clueless about this.</p>
<p>I believe you are discussing the case of ISCF form. You really don’t need to show that you have $50,000 in the concerned bank account. Just show the amount you entered as your Expected contribution amount on the ISCF form. </p>
<p>Having done that, keep in mind that college will only accept you if they can provide aid (or scholarship), the amount of which equals the (total cost of attendance)- (your family’s expected contribution).
If the college doesn’t have enough aid, they will simply reject you as you already have demonstrated your inability to attend the college in the absence of aid…</p>
<p>Can parents employer statement work as a supporting document for the ISFAA? Is the bank statement compulsary?</p>
<p>Employer’s statement works too! But the income should cover the amount that you estimated you would be able to pay. The ones that you are required to state in ISFAA and ISCF.</p>
<p>@EyeAmMe, so if I can afford A000$ then the employer statement should show at least that much. Is that correct?
Do the bank statements have to show 4 years of parent contribution? or only a years coverage is enough?</p>
<p>-Yes
-If your contribution is covered by your parents’ income then you don’t have to show bank statement. If not, then your bank statement should cover 4 years of contribution.</p>
<p>If your contribution is not covered by your parent’s income, you need to mention the extra amount your parent’s will spend from the savings account. That is when you need to attach a Bank Certificate which clearly shows how much amount your parent’s have got on their Savings account.</p>