Certification of Finances

Student Lounge International Students
1

<p>Do I need to show proof of support for the full four years or just the first year?</p>

<p>Money is an issue for me... so I doubt whether I can show support for four years... (Around $26k!)</p>

<p>I plan to work through the four years and get help from various other people throughout the years to support myself.</p>

2

<p>You have to show to things:

  • That you have enough cash sitting in a bank account to pay for the first year.
  • That you have some plan in place to pay for the rest of your education. This might include proof that you parents are earning X amount of money each year, a letter from a bank guaranteeing you a loan, or evidence that another relative has sufficient funds and is willing to help you out.</p>

<p>

FYI, do not plan to make more than $2,000 during the school year with on-campus jobs (i.e., just enough to cover personal expenses beyond room and board) or that you can earn much during the summer. My college has summer jobs for students that pay in the $3,000 to $4,000 range for 3 months, and after summer housing, food, transportation, etc, we might realistically have about $1,000 left over. Off-campus internships typically don’t pay more than that either (if they are paid at all), unless you are lucky enough to get a coveted internship with Microsoft or something like that.</p>

<p>Another point to keep in mind is that tuition and rent increase every year. The national average rate in recent years has been about 7% per year. That means a $26K bill in your first year will likely turn into $32K in your fourth year. You need to be able to keep up with increases in tuition and cost of living if you want to finish your degree.</p>

3

<p>What if I was applying for financial aid?</p>

4

<p>BUMP</p>

<p>Say I got a scholarship which covers 44k out of a total of 50k per year. Could I show the embassy this to get a student visa?</p>