<p>Hi guys, I have two quick questions regarding the ISCF. These questions require short and quick answers; I just want to confirm that I'm doing the right thing; otherwise these are rather silly questions. Please answer them.</p>
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<li><p>If I know correctly, the ISCF is forwarded to the US consulate during the visa process. I am applying for financial aid, and so I obviously do not have enough funds to support my education myself; and I will have to write whatever funds I have on the ISCF. I know this sounds stupid, but will this affect my visa application in any way?</p></li>
<li><p>If all the money I can pay for college comes from my parent's savings, do I still need to get a bank official to sign the form or will my parents signature in the appropriate section of Question 9 be sufficient?</p></li>
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<p>Thank you.</p>
<p>P.S. Here is a quick link to the ISCF for reference: [url=<a href="http://docs.google.com/gview?a=v&q=cache:sFeK9rxawroJ:www.depauw.edu/admission/documents/intl-cert.pdf+International+Student%27s+certification+of+finances&hl=en&gl=in&pid=bl&srcid=ADGEESisEJduWoYYtTtWuT8p8Md8vom9N7e5JHTc61Q3UzuK35Y2uZaxh9-o3V8-JFlueLIwIUP5z0UHgJt6QNrONr2GVpgFjW50WEif1t9ZQh0P-ys84O3H6j4SXOogbw_uL-KgiP9I&sig=AFQjCNG8Ks4eDQn3QOzTm8B-A3RDS1m6ww%5DISCF%5B/url">http://docs.google.com/gview?a=v&q=cache:sFeK9rxawroJ:www.depauw.edu/admission/documents/intl-cert.pdf+International+Student%27s+certification+of+finances&hl=en&gl=in&pid=bl&srcid=ADGEESisEJduWoYYtTtWuT8p8Md8vom9N7e5JHTc61Q3UzuK35Y2uZaxh9-o3V8-JFlueLIwIUP5z0UHgJt6QNrONr2GVpgFjW50WEif1t9ZQh0P-ys84O3H6j4SXOogbw_uL-KgiP9I&sig=AFQjCNG8Ks4eDQn3QOzTm8B-A3RDS1m6ww]ISCF[/url</a>]</p>
<p>And two more questions :
3. In the first part of section 8, what is family defined as? Does family mean the student’s spouse/children etc (if applicable) or does it mean the student and his parents?</p>
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<li>What are savings defined as? Does the money you have stored in a bank count as savings or is there another definition to it? If they do, what could be the ‘other sources’ of funds as needed by section 8(b)? A few examples would be very helpful.</li>
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<p>I apologize for the ignorance. I am always confused by financial terms. :/</p>
<p>Anybody with advice? I’d be very grateful if you help me urgently; the deadline is November 15.</p>
<p>Thank you once again.</p>
<p><em>bump</em> Anybody?</p>
<p>Okay let me start off by saying Im not at all well-versed on these things, so I don’t know that much more than you do. But I did go through that process recently so here you go. Don’t take anything I say like its true, its just what I did. I’m a 2014-er.</p>
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<li><p>I think if you get in with FA, the school will write on the first page how much you need to pay every school year and they check that with your parents savings. So if your parents savings exceed your EFC, then you’re all set, I doubt it affects your visa app.</p></li>
<li><p>This one I’m not sure about. I also did parents savings but since the savings are in a bank I got the bank official to sign and chop it.</p></li>
<li><p>I don’t remember, but I’m guessing its parents + children. Srry I cant remember.</p></li>
<li><p>LOL I’m not much help at all, I apologize. I only filled in the first box and sent those in. </p></li>
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<p>Hope that helped a little.</p>
<p>anuragsomani -</p>
<p>You may want to post this at the International Student Forum. Click on “Discussion Home” in the upper left of this screen, and then scroll down to find it.</p>
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<li><p>When you apply for your visa, you will need evidence that you can pay for your studies. The money can come from more than one source, including (but not limited to) your own savings, your parents’ savings, your own income, your parents’ income, scholarships from your college/university, scholarships from your government, assistance from another family member/friend, etc. That is why there are so many different categories on the form.</p></li>
<li><p>Any money that you and/or your family have in savings that will be used for your education has to be verified by the bank(s). If you are planning to sell investments such as stocks to pay for your education, you would need to indicate the current value of those stocks - most likely as “other sources”.</p></li>
<li><p>If you are independent of your parents (usually age 24 or older) then this would be you. If you are younger than 24, family would mean you, your parents, and any brothers and sisters that you have. If you are applying to graduate school, married, a single parent responsible for the support of your child(ren), or a military veteran, contact the different schools that you are applying to, to find out if they consider you independent for financial aid purposes. The rules for US applicants are well defined, but may vary from one college/university to another since you are an international applicant.</p></li>
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<p>Thanks gapyearstudent and happymomof1; that helped! Thank you. :)</p>