About Education Loan and I20

Question

On my I20 of University of Alabama at Birmingham, MSDS course. It is mentioned as 49k$ including expenses. Do we need to try and get loan just for that 49k$ or for entire 2 years? Which will be 98k$?

A D · Answer

Hi,
The loan is not a necessity if you have savings that much in the bank. But a loan shows that you have ties to your home country and also a guaranteed source of funding for your masters. To be on the safer side for visa interview, show at least 1.5 times the i20 amount. 
https://yocket.com/blog/financial-documents-needed-to-secure-your-international-study-visa

About Education Loan and I20

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