Find all School-related info fast with the new School-Specific MBA Forum

It is currently 24 Oct 2014, 04:14

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

How much money do I show for Visa?

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 21 Aug 2010
Posts: 29
Followers: 3

Kudos [?]: 29 [0], given: 6

How much money do I show for Visa? [#permalink] New post 20 Feb 2012, 03:01
Hi,

I got into UNC for this fall and as we know there is a pre-approved, no co-signer loan for full tuition(and mandatory) fees approx 52k/year. The other fees(and pre-school workshop) costs about 30k which I have to fund through other sources.

I believe for I-20, we need to show liquid funds for first year. I plan to show the loan facilitated by the school and the personal funds to cover the total 82k for the first year.
In the I-20 Fin Cert for the university @ http://www.kenan-flagler.unc.edu/admiss ... nCert.ashx there are many places where they mention "assume second year fees goes up by 10%". I believed I-20 doc is only about my financial status for the first year. I have also asked the school about this. I will share their response. Meanwhile, can someone who has been through such a thing clarify this?

Anyway, US Department of State website for F-1 visas (http://travel.state.gov/visa/temp/types ... 268.html#6) says "Financial evidence that shows you or your parents who are sponsoring you has sufficient funds to cover your tuition and living expenses during the period of your intended study."

Funds for period of study? Now does this mean, I have to show funds for TWO YEARS right now????!!!
Or the visas are granted if the first year requirement mentioned in the I-20 is met?

Ufff.... Painful. Please clarify.

Cheers,
Jo!
_________________

Kudos me if you like this post!! :)

How much money do I show for Visa?   [#permalink] 20 Feb 2012, 03:01
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic How much work do you show when doing a problem? socalmike 4 01 Aug 2010, 19:35
1 How much time do I need to prepare for the AWA? nickk 1 09 Apr 2010, 09:02
How Much Money To NOT Go To School? johnnyx9 31 19 Apr 2007, 13:29
How Much Money To Retire? johnnyx9 11 01 Feb 2007, 09:23
How much money to not go? johnnyx9 12 31 Jan 2007, 19:40
Display posts from previous: Sort by

How much money do I show for Visa?

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.