Financial Background Is it Important Factor for getting Student Visa ?

[deba_s56]

Originally Posted by luminos24

Hi,

Can somebody please explain if we need to have a "bank statement" to show available funds at the time of visa interview OR a "bank letter" will suffice.

bank statement - letter showing all cr/dr to the account for a given period
bank letter - just stating the current balance in the account

if it is bank statement then how many months should this stement cover?

cheers!

As far as I know, you need to show bank statements for last 6 months.

[amitkapoor79]

Hi,

I have read that one should use the current bank statements for proving the availability, w.r.t this
Can someone please shed some light on the sentence "Latest Bank Statements for proof of the funds availability"

Queries:

1. Lets say if the interview is on 17th of the month then, on what date the bank statements should be taken?

2. If a study loan is taken, should one take the "IN PRINCIPLE APPROVAL" or "THE LOAN SANCTION LETTER" to the interview, what does the typically expected document?

3. Are copies of all the financial certificates required?

Thanks

[rinku145]

Originally Posted by rickyricks

Agree with Deba. Though I dont have much info abt the general topic, but from what I have learnt from current Darden students is that most of them went with 100% loan last year and didnt face any problem at the visa stage. Infact, the I-20 form clearly mentioned that all first year expenses (Tution+Living+laptop) would be covered through the GATE loan. Personal savings were shown during the Visa process to take care of the Flight/Initial relocation expenses.

One of my friends did went to a somewhat lower ranked (35-40) univ last yr, and he took a loan from India for showing the first year expenses. What I have also heard from other acquaintances is that it also depends on the individual school whether they accept fixed deposits/ stocks as possible sources of funds. As such, the tough part boils down to getting the I-20 from the Univ and after it is obtained, I think the Visa process shndt be a major problem.

I hope all of them have gone to Delhi/Mumbai/Chennai consulates and Not the KOLKATTA consulate. I bet if any of the of the current darden student would have gone to KOLKATTA consulate last year with 100% loan, they would have been rejected. Well I was the one with Columbia offer and Visa rejected last year. I also one more fella who had secured admission in Kelly but was rejected because of 100% loan. So guys it's luck.

[nonedone]

I don't think you can isolate financial documents as the sole reason for being given/denied a student VISA.

A 100% loan won't matter if the VISA officer believes you're not a potential immigrant and won't break the rules of the F1 VISA and operate outside its purview.

Similarly, you could have 10 flats in South Bombay, crores in your bank account and lakhs invested in stocks and shares, but if the VISA officer is convinced you're going to be an immigrant- all the money in the world won't do you good.

Basically, ask yourself this:
A) WILL I be an illegal immigrant?
B) WILL I operate outside the purview of my VISA?
C) WILL I be an idiot and be rude/impolite to the VISA Officer and be daft enough to think all the VO cares about are my papers, money and/or influence?

If you've answered yes to any of the above questions, chances are you'll be rejected a VISA, irrespective of your 100% loan or crorepati baap.

[rinku145]

Originally Posted by nonedone

I don't think you can isolate financial documents as the sole reason for being given/denied a student VISA.

A 100% loan won't matter if the VISA officer believes you're not a potential immigrant and won't break the rules of the F1 VISA and operate outside its purview.

Similarly, you could have 10 flats in South Bombay, crores in your bank account and lakhs invested in stocks and shares, but if the VISA officer is convinced you're going to be an immigrant- all the money in the world won't do you good.

Basically, ask yourself this:
A) WILL I be an illegal immigrant?
B) WILL I operate outside the purview of my VISA?
C) WILL I be an idiot and be rude/impolite to the VISA Officer and be daft enough to think all the VO cares about are my papers, money and/or influence?

If you've answered yes to any of the above questions, chances are you'll be rejected a VISA, irrespective of your 100% loan or crorepati baap.

To answer your question:

A) WILL I be an illegal immigrant?
I had been in US thrice and everytime returned on time. I didn't have anyone in US. I had got admission into one of the top university which meant I am going there just for quality of education and not immigration.
B) WILL I operate outside the purview of my VISA?
I guess my past record in US shows that.
C) WILL I be an idiot and be rude/impolite to the VISA Officer and be daft enough to think all the VO cares about are my papers, money and/or influence?
Nobody is fool enough to do that.

Moreover He clearly mentioned on my rejection paper that he is blocking me because of Finance. So buddy don't think 100% loan can't be the reason for denial. If your luck doesn't favor 100% loan can be a big reason for your denial. But not in every case. Kolkatta consulate I guess rejects most of the cases with 100% loan (As i have heard from lot of people, not sure)

[terminatoralive]

hello All,
i do think money is an important criterion for getting a student visa but not the only one.there are other criterias as well.if u are capable enough to take the visa officer to take into confidence then it will not be a problem.my friend who got admitted into buffalo university got the visa by hiding facts.he was helped by an agent.even though my friend did not had enough money at the time of visa interview ,the agent got around 25 lakh deposited in his account to just prove that my friend was financially competent.lastly he told the visa officer that he is just going there to pursue his higher education and will return bak on the basis that he is the only son to his parents.so finally he left last year for his higher studies...

[Suvrat]

Originally Posted by terminatoralive

hello All,
i do think money is an important criterion for getting a student visa but not the only one.there are other criterias as well.if u are capable enough to take the visa officer to take into confidence then it will not be a problem.my friend who got admitted into buffalo university got the visa by hiding facts.he was helped by an agent.even though my friend did not had enough money at the time of visa interview ,the agent got around 25 lakh deposited in his account to just prove that my friend was financially competent.lastly he told the visa officer that he is just going there to pursue his higher education and will return bak on the basis that he is the only son to his parents.so finally he left last year for his higher studies...

I guess hiding facts or bluffing does not get you a visa. The VOs are not dafts, you cannot hoodwink them. In most of the Visa experiences that I've read, in case there is a sudden deposit of money the VOs question the source and if you don't have satisfactory answer to it they reject the visa. It's always better to be truthful, by bluffing you are putting ur chances of getting Visa in a jeopardy.

[aim-wsc]

Interesting discussion

let me put forth some new topics regarding visa acceptances....


Many/most of (in fact ALL) applicants state in their interview that they are intended to come back to country after their education. However, I dont have to tell you the actual % of persons doing so

My point is whats with telling lies? why not being honest and confess about your ^long term plans^ of making your dream in U S of A

[Suvrat]

Originally Posted by aim-wsc

Interesting discussion

let me put forth some new topics regarding visa acceptances....


Many/most of (in fact ALL) applicants state in their interview that they are intended to come back to country after their education. However, I dont have to tell you the actual % of persons doing so

My point is whats with telling lies? why not being honest and confess about your ^long term plans^ of making your dream in U S of A

I don't agree with this..not telling lies means that not giving them any false documents or false information or showing funds in a bogus way...plans are a matter of conjecture which may change in future, strictly speaking therefore it does not fall in the category of lie if u don't come back to India after tellin VO that I'll surely come back. (In my case he did not ask me )

[ajaypatil_am]

Hi Aim,
Many ppl having MBA in US are coming back .....I don't have the exact statistics on this....but, this % is increasing.....as India is growing rapidly in all sectors.....abt telling VO the truth....it's not bad idea....

After all if you started working for any US company here ....it mostly benefits the US economy......US is lot more depend on Indians,Mexicans....and this dependency has taken such a state now, that in some of the industries you can't imagine significant progress without non-americans.....

Manufacturing - China
IT-India
Low labor work - Mexico


These are some of the examples.....
BTW,When I started this thread I never wanted to restrict the discussion to USA.....but,many ppl start talking abt US student visa only..............

Thanks,
Ajay