The United States is one of the most popular study-abroad destinations for Indian students. According to a report from Statista dated 2021, about 0.3 million Indians studied in the USA However, getting a student US visa is quite a debacle. But that doesn’t mean you should give up on hope.
Did you know that Yocket has a 95% visa success rate for students? Yocket’s mission is to help you go study at the university of your dreams in the USA. So, get in touch with us right away.
Table of Contents
- What is Visa Sponsorship?
- How to Find a Sponsor for Yourself?
- How Much Funds are Required for an F-1 US Student Visa?
- Who can Sponsor My Education Abroad?
- Requirements for F-1 Student Visa Sponsor
- Financial Documents Required as Proof of Funds
US visa sponsorships imply that the sponsor is responsible for taking care of a student’s educational as well as living expenses in the US. A legitimate and qualified sponsor with a strong financial background can increase the chances of getting hold of a US F-1 student visa.
How to Find a US Sponsor for Yourself?
For students willing to study in the US, parents and relatives can be accommodated as sponsors. Applicants can also look for education loans to sponsor their studies in the US. In some cases, employers can also sponsor an F-1 visa provided they are ready to employ applicants after their study abroad.
For applicants looking for a work visa and green card, there are a few databases available:
- Immihelp
- Visadoor
- H1B Grader
Check Out: List of Financial Documents Required for F-1 Student Visa
How Much Funds are Required for an F-1 US Student Visa?
Funds for US visa sponsorships involve one year of tuition fees along with one year of living costs. This cost is typically mentioned on your I-20. Even before I-20, you would have it on your college website.
Financial Planning for Your US Student Visa
Get your visa application right the first time with Yocket. Chat 1:1 with former visa officers who scrutinize your documents, predict approval odds, offer specialized assistance for error-free applications, and conduct mock interviews to make you interview-ready. Unlock targeted SOP reviews, LOR optimization, and more with Yocket Premium. Start your successful visa journey today.
Several entities can pave your way to a student visa sponsorship USA. Let us see all possible options for potential American visa sponsorship:
- Parents: The first resort is always your father or mother.
- Relatives: Blood relatives are also allowed to be your sponsors. So the form needs to mention how they are linked to you. So, grandparents, immediate uncle and aunts from both maternal and paternal sides can support you, along with cousins.
- A mix of both: You may have parents and relatives making it 2-3 sponsors as well to show the entire one-year cost.
- Banks: Banks can sponsor an F-1 visa, and provide you with an educational loan to start your journey abroad.
Note: It is always preferred to have your sponsors from India and not the USA.
Requirements for an F-1 Visa Sponsor
Let us now move forward to learn about the F-1 visa sponsor requirements. Given below are some of the most essential F-1 visa sponsor requirements that you must possess while applying for an F-1 student visa in the US:
- Sponsor letter for F-1 visa
- Affidavit of Sponsorship for F-1 visa
- Official bank statements
- Document stating the relationship status between the applicant and the sponsor
- Other financial documents (loan letter, property papers, etc)
: Documents Required for US Student Visa Interview
Master the financial side of studying abroad with Yocket Finance! Gain insights into study and living costs and receive personalized strategies for a budget-friendly journey. Let Yocket Finance be your guide to a worry-free education abroad. Your dream education is financially within reach!
Financial Documents Required as Proof of Funds
US universities and embassies accept only liquid cash. You need to show these funds twice in the form of F-1 visa sponsor documents. There are various types of financial F-1 visa sponsor documents that you, as an applicant, can show the consulate. The most important ones have been listed below:
- Fixed deposits receipt
- Solvency letter
- Loan letter
Are you on your journey to study in the USA? Navigating through countless universities can be overwhelming, but fear not! Yocket's University Finder Tool is your compass to discovering the perfect academic destination tailored to your preferences. Say goodbye to information overload and hello to a personalized university search experience.
Along with an affidavit of sponsorship for an F-1 visa, there are other financial documents required as proof of funds. Let us discuss each of these documents individually below:
- Fixed Deposits Receipt: These need to be attested by your bank and can be in the form of a savings account statement, balance certificate by bank, or an attested PF/PPF- passbook statement.
- Solvency Letter: A letter from the bank stating your sponsor can raise approximately INR 25–30 lakhs for your higher education. This is not an actual fund in your account but a capability certificate a bank provides looking at your history and assets, which you would mortgage to acquire a loan.
- Loan Letter: A sanction letter or a loan letter is typically received post-receiving I-20 by all national and public banks. Only private banks provide education loan letters before I-20 based on students' admit letters. So if you received the loan letter before I-20 you may also use that to show funds to the university.
Dreaming of global education, but funds are scarce? Count on Yocket Finance for expert guidance on education loans! With complete assistance, from loan recommendations and documentation to disbursal, we hold your hand through each step. Our dedicated counselors ensure you secure funding to realize those global dreams! Partner with Yocket for the best education loan mentoring!
: 11 Education Loan Terms for International Students
Note: 90% of the time, a solvency letter works, but there have been certain cases where the university rejects this letter, and in this situation, we have no choice but to show liquid cash in the above formats.
One thing you should know as an applicant is that each application case is very subjective. Also, all the documents that you provide to the consulate should be true and contain no false claims or information. Moreover, applying for a US student visa can be a tedious process, but ensuring truthful information, and trustworthy intent will help you get hold of the visa! You can even connect with our Yocket Counsellors to know more about how to get sponsorship for education in the USA.
From the Desk of Yocket
In conclusion, understanding the intricacies of US visa sponsorships is crucial for aspiring students. Navigating through the types of sponsors and financial documentation requirements ensures a smoother visa application process. Whether it's parents, relatives, or banks, identifying reliable sponsors is key. Your journey to studying in the USA begins with informed decisions and meticulous financial planning. Good luck on your path to fulfilling educational aspirations in the United States!
Navigate the complexities of US Visa sponsorships effortlessly with Yocket Premium. Our expert counselors offer invaluable insights, guiding you through the sponsorship process and ensuring a seamless student visa application experience. Make informed decisions about financing your education in the USA with Yocket's comprehensive assistance. Connect with us today to enhance your journey toward successful US admissions!
