If you are an international student planning to study in the United States of America (USA), one of the requirements for obtaining a student visa is showing that you have sufficient funds to cover your expenses during your stay in the country. In this article, we will provide an overview of how much bank balance is required for a USA student visa.
- The Required Amount
The amount of bank balance required for a USA student visa can vary depending on the location and cost of living in the area where you will be studying. The United States Citizenship and Immigration Services (USCIS) provides guidelines on the minimum amount of funds that international students must have to cover their expenses in the country.
As of 2023, the minimum amount of funds required for a USA student visa is $11,500 for an academic year (9 months) for undergraduate students, and $12,500 for graduate students. These figures are only a guideline, and it’s essential to note that the actual amount required may be higher, depending on the institution, program, and location.
- Proof of Funds
To show proof of funds, you will need to provide a bank statement or a letter from your bank showing that you have sufficient funds to cover your expenses. The bank statement should be in English or translated into English and should be notarized.
You will also need to provide evidence of how you plan to pay for your education, such as scholarships, grants, or loans. If you plan to rely on a sponsor, you will need to provide a letter from them showing their willingness to support you financially during your studies.
Obtaining a USA student visa requires proof of sufficient funds to cover your expenses during your stay in the country. The minimum amount of funds required for a student visa is $11,500 for an academic year for undergraduate students and $12,500 for graduate students. However, the actual amount required may be higher, depending on the institution, program, and location. Be sure to plan your finances carefully and provide all the necessary documentation to demonstrate your financial capacity to support your education in the USA.
