Post by mypassion on Feb 3, 2008 22:13:19 GMT 5.5
How to prepare the financial support statement ?
The financial support statement is a declaration of your financial assets
to prove to the admissions committee of a university that you will be
able to support yourself during your graduate study program. However,
it is not the case that you will necessarily have to declare enough assets
to cover the entire cost of the first year. It is actually up to you what you
want to do here. There is usually a question on the application asking
something along the lines of “Will you be able to attend this university
if you are not provided any financial aid ?” If you answer that question
in the affirmative, you should show as many assets as possible in the
financial statement so that they will see that you can support yourself
during your stay there. However, if you say “no” to that question, then
they know that your acceptance of the admission offer is contingent on
provision of financial aid and they will not put as much emphasis on the
financial statement.
The reason the financial statement is so important is because it is essential
to procure what is commonly known as the I-20 form. The Certificate
of Visa Eligibility for Nonimmigrant F-1 Student Status is commonly
known as the I-20. This is the document issued by a university
through the internet-based Student and Exchange Visitor Information
System (SEVIS) for presentation at the U.S. embassy to apply for an F-1
Student visa; it must also be presented to an immigration official upon
entry into the U.S. In short, you will not get a visa without an I-20 and
you will only get an I-20 if you satisfy the financial constraints. Therefore,
the financial statement is critical to the application process.
The financial support statement is a declaration of your financial assets
to prove to the admissions committee of a university that you will be
able to support yourself during your graduate study program. However,
it is not the case that you will necessarily have to declare enough assets
to cover the entire cost of the first year. It is actually up to you what you
want to do here. There is usually a question on the application asking
something along the lines of “Will you be able to attend this university
if you are not provided any financial aid ?” If you answer that question
in the affirmative, you should show as many assets as possible in the
financial statement so that they will see that you can support yourself
during your stay there. However, if you say “no” to that question, then
they know that your acceptance of the admission offer is contingent on
provision of financial aid and they will not put as much emphasis on the
financial statement.
The reason the financial statement is so important is because it is essential
to procure what is commonly known as the I-20 form. The Certificate
of Visa Eligibility for Nonimmigrant F-1 Student Status is commonly
known as the I-20. This is the document issued by a university
through the internet-based Student and Exchange Visitor Information
System (SEVIS) for presentation at the U.S. embassy to apply for an F-1
Student visa; it must also be presented to an immigration official upon
entry into the U.S. In short, you will not get a visa without an I-20 and
you will only get an I-20 if you satisfy the financial constraints. Therefore,
the financial statement is critical to the application process.