There is no doubt, the calling of America dream has never stoped, typically since the wave of international students come to the states for education or training purposes. In 2016, 1.2 million international students attended American colleges and universities, increased upto 7 percent in the comparison of the previous year and even double by number in 10 years ago.
The fact is that the United States is notorious for the luxurious price tag attached to its credited higher education – and whether or not international students are able to afford it before you are admitted into the country is one of the key factors in the government’s point of view. Therefore, please make sure a solid and strong financial capacity is ready before your visa application submited to demonstrate your financial capability to afford your studies abroad and for how long it can remain. On the other hand, having your financial paper ready helps you feel more confident throughoutly even when you first apply for the I20 form
(eligibility to study in the US).
Reaseaching and getting to know may-occured cost while being in America
The better your preparation is, the smarter you can live in the new environment. Before you apply for colleges, make sure you have a clear calculation on how much your education may cost, and whether or not you have the funds to pay for it and its consequences if you fail in examinations. Then, it is time to list down what states, schools, and courses options you can choose to spend your coming years there. After having applied, you will have to wait to see if you get admitted or not. Yes, you can do it!
Once you get admitted, based on your academic performance, language certificates, and referal letters, etc. the first thing the university will ask is the evidence that you are financially and legally able to support your entire education in the United States. They don’t just want to see that you are able to pay the tuition fee – they want to see you will be able to afford the package to an end, including the tuition fees, living expenses, as well as additional costs such as school books, insurance, transportation and even air fair to travel back and forth to your home country.
What to present about financial ability?
Fortunately, between educators and students have their own ways to evaluate and show up their fiancial status. Howeverm it seems that the format of what universities want to see for you to prove your financial ability – every university has different standards and every university requests different documents. Therefore, you should be able to provide some kind of financial proof such as the scholarships you received, or loans you have acquired, bank statements liquid assets, and saving books etc. that shows you will be able to afford at least the first year of studies. The amount can either belong to you, if you can afford your own fees or from sponsorships like your parents.
Proving your financial ability to the US Embassy
At your interview at the United States Embassy, you will need to bring the I20 as well as your financial and sponsors’ information to show either you or sponsor people can pay the amount indicated on the sheet. Whether you get your visa to study in the United States or not will be determined by the United States Embassy, making it all the more important to have all the accurate information organized and ready to present to your foreign service officer. Be aware that the embassy will verify that all your information, including your finances, is accurate so do not try to pull a fast one and give false information. This can get you in serious trouble! If you are worried about your interview, follow the best tips to get through the US visa interview tips & tricks
Is it worth the headache to study in the United States?
As you can see, studying in the US at a college or university requires a long due diligence process for you to get through. Although it is a big investment in time and money, you will be receiving a world-class education at some of the best universities in the world. Your experience abroad and return on investment will be well worth all the fuss you had to get through when you land your dream job after having completed your studies.
Our recommendation is that you take your time to get your priorities straight, prepare your checklist, and get through your tasks diligently so you can secure your place at the university you want. Also, remember that there are tons of ways to pay for your education in the United States – you always have the option to take out student loans or get a scholarship to pay for your studies. This kind of information can be included in your financial statement, so try to secure the money you will need before you get to your interview at the US embassy! Good luck!