Financial Statement

<p>So, I'm applying in universities like Drexel and Washington and Lee. Do I need to show my 1st year tuition and housing fees in liquid amount? Or can I show half amount in liquid cash and property?</p>

<p>My parents are willing to turn their properties into liquid if necessary, and my property is worth more than enough to complete my 4 year undergrad studies in the US. But still, do I have to show my 1st year tuition amount in liquid cash? </p>

<p>I don’t know if it matters for now, but to get your visa, you’ll need to have liquid assets in the amount of the estimated cost of attendance in your first year.</p>

<p>Why don’t you ask the universities you’re applying to what they want?</p>

<p>Or a lawyer. </p>

<p>What good would a lawyer do? I don’t see a legal issue here. The question is what documents the universities want right now to process your application for admission. The only way to find out for sure is to ask the universities.</p>

<p>I did ask the universities… But they didn’t tell me anything clearly!
I also googled for answers, asked elder brothers and sisters… but couldn’t find a helpful answer… :/</p>

<p>But I don’t need to submit financial documents to one university, while applying! They mailed me yesterday! :smiley: D</p>

<p>It’s a visa issue, not a university application issue. The US government is the one who will want to see your ability to pay your tuition for all the years of your study before they issue you a student visa. </p>

<p>You will need to show the university (to get your I20) and the visa officers (to transform your I20 into an F1 student visa) that you have sufficient funds to pay for your first year of studies. That means a bank account, savings, a loan, a scholarship from the university, etc.</p>