Colleges asking for bank statement

b_r_um
Tue, 07 Jan 2014 19:44:09 +0000

Visa policy is that students need to have 100% of the cost of attendance for their first year in liquid assets (e.g. in a checking or savings account) before their visa can be issued. Colleges are supposed to verify this before issueing your I-20. You also need to demonstrate a plan to finance the remaining years of your degree, but you don’t need to have the rest sitting in a bank account yet.



And say a college has fees totaling up to 50 grand… how much would they ideally expect me to have saved up in the bank? 35 ? 40 ?

More than $50,000. You need documentation for the full cost of attendance - fees that the college charges, flights, insurance, personal expenses, etc.