Introduction:
In the midst of a lot of documentation, any student or parent is undoubtedly interested in knowing about the financial documents. The information below includes the ‘must-know information regarding the documentation that ‘study abroad’ students will need.
Bank Account Statements:
Firstly, you must show that you will afford tuition and living expenses at any foreign university. Hence, you need to submit your bank account statements to the university or the visa consulate to ensure you can pay for the entire cost of the study period.
Scholarship Letters:
You must include a letter that states the amount of your scholarship or government grant with the visa application form. If you receive a partial scholarship, you must also submit a bank statement along with the letter of authorization.
Affidavit of Support/ Sponsorship:
Obtaining an affidavit of support/sponsorship involves a notarized document showing the sponsor’s name of your living and education expenses. In this way, you can prove that you have financial support from your sponsor.
Bank Letters:
According to this letter provided by the bank, the account is in good standing and has an available balance. You must put the name of the account holder on the letterhead, sign it and stamp it.
Loan Approval/ Disbursement Letter:
You might be required to submit an approval letter from your bank confirming the loan amount to be disbursed by your university if you are taking an education loan to fulfill your educational aspirations.
GPF or EPF Statement:
You can also study abroad with the funds in your guardian’s Provident Fund account for several countries. A provident fund account is listed here, as is the amount that can be withdrawn from it.
If you would like more clarity about any of the following, please get in touch with Volant Overseas.