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How much bank balance is required for US student visa?



The bank balance requirement for the US student visa is:

  • On the I-20 form, the duration of the course is mentioned. The bank balance that the candidate has to show will be for the duration that is mentioned on the I-20 form. The tuition fees and the living expenses are normally calculated for one year. If your I-20 form mentions 24 months of duration, then the bank balance has to be calculated accordingly.

  • If your I-20 form mentions 36 months, then we are sure you now know the answer to the query about how much bank balance is required for a US student visa.

  • Along with this aspect, there are other expenses that you have to take into account when you are applying for the student visa. That is the SEVIS fee, which is around $350, and the fee for the DS-160 form, which is around $160.

  • Expenses for other documents like medical certificates, etc., which may be requested by the visa authorities, also have to be taken into account when calculating the overall cost of the student visa.

Important details about the US student visa:

  • There are two types of US student visas. The first one is the M1 visa, which is for students who plan to pursue vocational or non-academic courses.

  • The second type of US student visa is the F1 visa, which is for students who want to pursue academic courses at accredited institutions in the US.

  • Before the student applies for the student visa, it is important that he checks all the requirements of the visa and completes all the documentation formalities correctly.

Planning to apply for a US student visa? Then here are the formalities that need to be completed!

  • The student has to first apply to an accredited institution in the US where the student plans to pursue higher studies.

  • Once the accredited institution accepts the student's application, the institution will issue the I-20 form, which is an important document when the student is applying for the student visa.

  • Next, the student has to pay the Student and Exchange Visitor Program fee, which is around $350.

  • The student then has to fill out and submit the DS-160 form and schedule the visa interview.

Take a look at the documentation formalities that need to be completed for the US student visa:

  • You will need a valid passport. So, if you do not have one, make sure that you apply for one immediately.

  • The student has to submit photographs that are as per the specifications.

  • The DS-160 confirmation page is also an important document that the student has to submit.

  • The I-20 form that the accredited institution has issued is one more document that the student has to submit.

  • The student also has to provide the SEVIS payment confirmation page, which also has to be submitted by the candidate.

  • School and college transcripts have to be submitted by the student.

  • Language proficiency test scores and any other document that is requested by the visa authorities have to be submitted by the student.

  • The candidate has to submit proof of funds to prove that he can support himself during his stay in the country and can pay for the course fees. The student must check how much bank balance is required for the US student visa.

What are the benefits of an F-1 visa?

  • Entry into the US as a full-time academic student

  • The student can work part-time on campus. In case there is a change in circumstances, the student can also work off-campus.

  • The student can take up employment as part of the optional practical training.

  • The student with the F1 visa can travel in and out of the US, or he can stay in the US till the completion of his course.

  • The student can bring his dependants, including his spouse and unmarried children (less than 21 years of age), to the US.

  • As compared to some other visas, the F1 visa is issued quickly.

The processing time for the F1 visa is:

Normally, the F1 visas are issued quickly, but again, the processing time may vary from application to application. It is important that the student read all the requirements of the US student visa and ensure that the documentation process is completed properly. If the student fails to submit any documents, then the application can be rejected. If there is a delay in the submission of the documents, then the processing of the visa application can take longer. To avoid such issues, it is important that the applicant submits the application and all the correct documents within the turnaround time.

Important tips for the F1 visa interview:

  • The visa interview is a very important aspect, and it is conducted to check if the applicant is truly eligible to get the F1 visa.

  • Make sure that you arrive for the interview on time. Avoid getting late, as you are going to create a negative impression by arriving late.

  • The candidate must make sure that he carries all the required documents and receipts with him at the time of the interview.

  • The candidate must be prepared to answer any personal questions that are asked by the visa-issuing authorities.

  • There will be questions pertaining to the qualifications, choice of university, reason for studying in the US, etc. The student has to be prepared to answer all these questions properly.

  • There will also be questions about the financial support and how the student plans to manage the expenses. Any queries about how much bank balance is required for a US student visa and how the student plans to manage the same have to be explained properly to the visa authorities.

  • The student needs to keep in mind that, as compared to other countries, the education expenses in the US are on the higher side. So, the student must have a strong financial plan to show that he can manage the expenses with ease.

It is always better to take assistance from the best visa and immigration company:

  • Yes, there are many different aspects that have to be considered when you are applying for a US student visa. You are bound to have many questions, and it is important that all your doubts are cleared, as only then will you be able to apply for the student visa easily.

  • Instead of getting confused, it is better to connect with the best visa and immigration company that can provide the right assistance for applying for the US student visa. Here is how you can find the best visa and immigration company that can provide the best assistance to you:

  • You can check with acquaintances who have earlier applied for the US student visa.

  • You can also check online for good visa and immigration companies that have been providing the best services for many years.

  • Before choosing a visa and immigration company, make sure that you check the track record and success rate of the company.

  • You must also get all the details about the team at the immigration company. Make sure that you choose a company that has the best team of visa and immigration specialists who have years of experience in the visa and immigration field.

Now, this is how the best visa and immigration company will help you apply for a US student visa:

  • When you approach the visa and immigration company, they will first check the profile of the candidate.

  • They will take into account aspects like the course that the student wants to pursue, the university where the student wants to apply, etc.

  • The experts will also check the financial background of the candidate and see if he or she can manage expenses without any issues.

  • Based on all these details, the experts will tell the candidate if he is eligible to apply for the US student visa.

  • In case the candidate is not eligible, then the experts will tell him about other options or what he needs to do to become eligible.

  • In the case of eligible candidates, the expert will explain the procedure to the candidate, and the student will be given an idea about the online and offline processes that need to be completed.

  • The best visa and immigration company provides all the assistance that the candidate needs to complete the US student visa application procedure.

If you want to apply for the US student visa and have questions like what bank balance is required for the US student visa or what the procedure is for completing the visa process, then connect with a reliable visa and immigration company. The experts of this company will provide all the support that you need to complete the process.

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