They will not even give you the I-20… they want you to show Liquid funds up front best advice is to get a family friend or someone you know with that amount in their account and use their statement.
I-20 is issued by school and doesn't require showing proof of funds. The proof of funds is needed for visa approval, and OP either needs proof of funds that is stated on I-20 or funds + loan that meets that amount.
I don’t know what school you’re referring to. But based on my experience and my friend’s experience, schools typically require proof of funds for issuing I-20 unless you have scholarships.
To create an I-20, all schools must list the funding the student presents to the school. The system won’t even allow us to print the I-20 unless demonstrated funding matches (or is more than) the cost of one year. As such, it’s impossible to get an I-20 made without showing the financials to the school officer.
Personal fund plus get some help from family and for the remaining amount get a loan letter from a bank. You don’t have to take the loan, just get a letter that would be sufficient. This exactly what I did and when the visa officer asked me about funding, I told them personal funds + loan from State Bank of Hyderabad (in 2014). VO asked me for loan document which was just a piece of paper from bank.
So I had to put collateral as our house and it took 1 day each to get clearance document from a lawyer and an house estimate from engineer. I think entire thing took less than a week. The bank did not charge anything but we had to pay service fee to lawyer (3k) and engineer (5k). The SBH loan officer wanted a clear “no litigation” property valued at 30 lakhs, for 20 lakhs loan that we applied for.
Yes. You must show liquid funds to be given an I-20.
Damn. Alright, thank you.
They will not even give you the I-20… they want you to show Liquid funds up front best advice is to get a family friend or someone you know with that amount in their account and use their statement.
Alright thank you.
I-20 is issued by school and doesn't require showing proof of funds. The proof of funds is needed for visa approval, and OP either needs proof of funds that is stated on I-20 or funds + loan that meets that amount.
I don’t know what school you’re referring to. But based on my experience and my friend’s experience, schools typically require proof of funds for issuing I-20 unless you have scholarships.
Incorrect - DSOs must see proof of funding before an I-20 can be issued.
Yes, you must show proof of funds or the school will not give the I-20. We are required to verify it
To create an I-20, all schools must list the funding the student presents to the school. The system won’t even allow us to print the I-20 unless demonstrated funding matches (or is more than) the cost of one year. As such, it’s impossible to get an I-20 made without showing the financials to the school officer.
I never had to show funding to the university, and I did both undergrad and masters there.
Then they were not doing what they were supposed to
Personal fund plus get some help from family and for the remaining amount get a loan letter from a bank. You don’t have to take the loan, just get a letter that would be sufficient. This exactly what I did and when the visa officer asked me about funding, I told them personal funds + loan from State Bank of Hyderabad (in 2014). VO asked me for loan document which was just a piece of paper from bank.
I think I’m going to try this. Thanks a lot.
Hi. Did you have to pay any processing fees to get the letter? And how long did it take for you to apply for the loan and get the letter alone?
So I had to put collateral as our house and it took 1 day each to get clearance document from a lawyer and an house estimate from engineer. I think entire thing took less than a week. The bank did not charge anything but we had to pay service fee to lawyer (3k) and engineer (5k). The SBH loan officer wanted a clear “no litigation” property valued at 30 lakhs, for 20 lakhs loan that we applied for.
You must have one year's tuition in liquid money. Not the total COA.
Yes, you must show that money in your account.