<p>I agree with Iron Maiden. Those funds are assets regardless of the reason they are sitting in the accounts. A lot of people here have the same problem. If it’s sitting in the accounts the day you fill out the forms, they are your assets. The “just holding them for a friend” or purpose just isn’t going to cut it. I also think that if you are audited, at this point there will be some question as to what the money was doing there and why it was suddenly transferred out. ALL assets, even the cash in your socks in the drawer and under the bed are required to be reported. This particular asset is easily traceable. IF your parents move it out, they would be smart not be be moving the same thing back in showing it was just moved to avoid being reported for PROFILE purposes. Anyone holding money for any reason, or any asset, is required to report in on the forms, and it is considered fair game for ALL of us. You can explain it and ask for professional judgment, but it is an asset. This sort of game playing is exactly what the audits and verification reports look for. Precisely what they want to know. </p>
<p>With foreign students when it comes time to get the student visa when the funds have to be shown that you can be supported for the time of study, suddenly everyone wants to count that kind of money. You do realize that you will have to show account balances again when that time comes? </p>
<p>In the United States, parents are primarily responsible for undergraduate college to their financial abilities unless the student can qualify as independent. Those are the rules of the system you are going through a lot of time and trouble to request entrance. Not only that you are asking for discounts and payments to do so. Please be aware, that as a result, there will be closer scrutiny to a lot of these things because frankly, there is this disconnect ,more so from some countries than others, on how strictly to the rules one has to be in this process, and those in the system are aware of this. Some schools hire a private detective that does a check on the honesty and thoroughness of the financial representations of students from certain countries simply because too much fraud has been discovered. You misrepresent,get caught,and you won’t be coming here much less being paid to do so.</p>