{"id":2091,"date":"2019-05-29T14:59:03","date_gmt":"2019-05-29T14:59:03","guid":{"rendered":"https:\/\/blog.ischoolconnect.com\/blog\/?p=2091"},"modified":"2023-10-31T16:37:11","modified_gmt":"2023-10-31T11:07:11","slug":"documents-finance-for-students","status":"publish","type":"post","link":"https:\/\/ischoolconnect.com\/blog\/documents-finance-for-students\/","title":{"rendered":"Finance for students | Loan Approvals, Scholarship Letters"},"content":{"rendered":"\n\n\n

University applications require planning, effort and time. Not only does the admission process entail the submission of countless application forms, but also financial documentation. One of the most important documents during the admission process is the verification of the student’s financial capability.<\/p>\n\n\n\n

After applying for admission to a certain university, a student needs to provide proof of their funds. A proof of funds statement ensures that the student will be able to bear his or her expenses during their stay at the university and in a foreign country. The expenses in this context mean that the student has the financial capacity to bear their tuition fee, living expenses, cost of accommodation, and so on.<\/p>\n\n\n\n

If you are applying to a university abroad, here is a look at some important documents of finance for students:<\/p>\n\n\n\n

1) Bank Account Statements<\/h3>\n\n\n
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\"Students
Your bank account statements demonstrate that you have sufficient funds to sustain your stay in a foreign country<\/figcaption><\/figure><\/div>\n\n\n

The university might require you to submit your sponsor’s bank account statement for a specific period as a proof of finance for students. The format of these statements should be clear and simple. Keep in mind, the bank statement should be of the person who will be financing your studies.<\/p>\n\n\n\n

For instance, if the university accepts financial support from your parent or guardian, the bank statement needs to be from the savings account of that person. Moreover, most universities require scanned copies of the original bank statement and not e-statements. The requirements for the bank statement may vary according to universities. In most cases, universities ask for a 6-month statement.<\/p>\n\n\n\n

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