<p>I have to submit my Certificate of finances in a few days but I can't understand what the form is all about.</p>
<p>I have a few questions. I'm an intel from India, just getting that out of the way.</p>
<p>If my parents are my main sponsors, do their combined bank statements have to show that the comprehensive fee for one year is available immediately? Because the deal is, they don't have that full amount in their bank at a specific month of the year. Since their business booms in September-October, that's when the funds start coming in. </p>
<p>Will colleges accept a signed statement from a bank official guaranteeing that my parents will pay in full? Is that what most people in my position do.</p>
<p>I'm confused because my parents DO have the money but can't prove it immediately or within one bank statement. Because of this situation, I might have to submit a student loan application and get a loan so that atleast someone can sign an affidavit saying that fees will be paid. </p>
<p>You really need to prove you have the money, cause the certificate of finances, unless I'm mistaken, is used to get you a visa, and you don't mess with that.
And I don't think any bank official will sign a paper saying you have the money in their bank, if you actually don't. Unless of course you bribe/convince the official, which is something some kids I know actually did. (they were in pretty much your situation, they just didn't have the money ready at that point)
You should contact the school, as there probably are other ways around this.</p>
<p>Or, you could ask a relative/friend to temporarily loan you? That is, transfer money into your account, get the signature, then transfer back. That's what I did.</p>
<p>And ya, you'll actually need to pay the money, somewhere in the summer, I figure.</p>
<p>"Or, you could ask a relative/friend to temporarily loan you? That is, transfer money into your account, get the signature, then transfer back. That's what I did."</p>
<p>And the Visa officer hadn't any objection on that?</p>
<p>hey, the certificate of finances is used for the visa ya so its important that it states exactly how much money your parents can pay. i'm guessing a statement from the bank is fine - no one has that much money in their bank account anyway. i would recommend though that when you go for your visa interview take bank statements with you (just in case)</p>
<p>@chaat: I'd really like some kind of official confirmation of what you said i.e. a statement from the bank being fine. </p>
<p>@negru: I'm not gonna do anything illegal that'll jeopardize my chances of a visa. Hence, i'm ruling the bribing and the borrowing from friends out. I guess your borrowing from friends suggestion would equate to getting a loan from a bank which I'd prefer doing.</p>
<p>@barium: Yeah well that's generally the case with my parents. They organize a huge trade show and it takes place in october. So with bookings and stuff, payments usually come in around August-September.</p>
<p>I still don't know for sure whether the signed statement from a bank official is acceptable and if it is, then i'm guessing i'm safe. If it isn't then i'm gonna have to go through the long procedure of applying for a loan.</p>
<p>Did any of you have the comprehensive fee available in your parents bank accounts while submitting the financial statement?</p>
<p>These sort of questions are best answered not on an internet forum where none of us know that much about you and your family's finances. Instead, call the college's financial aid office. You wouldn't be the first confused/special international call they get and you wouldn't be the last. They'll be most able to advise you and help you.</p>
<p>you can ask the bank to show a running finance for you, which would be appropriate for your position. I dont know much but the bank basically certifies that you have been maintaining a account and that finance will be available when needed. but yes calling the FA office would be the right thing to do</p>
<p>axeman, so I took a statement from the bank saying my father was financially stable and would be able to pay. I also took bank statements with me - the visa dude just read over the letter though, they never asked for the statements but I know all my friends took their parents statements along too.</p>
<p>@chaat: i'm essentially talking abt the financial statement that i have to mail to college in order for them to send me the i-20. is that bank statement what you sent to college as well?</p>
<p>Last year, when my son was applying, he sent a financial statement from the bank showing that a part of the needed sum was available, and certificates of our income from the previous year which demonstrated that the remaining part of the family contribution amount was doable. That was enough.</p>
<p>There is nothing illegal about "borrowing" money. It's just like it was your money, and then you spent it on something, after getting the signature. Is that illegal too? If you spend your money instead of paying for college, they just won't let you enroll.</p>
<p>axeman, no i didn't send the college any bank statements for the i-20. i sent them a letter from the bank which stated that we were financially able to pay x amount of money.</p>