Students Funding in i20 form

Question

I had shown my father's savings and received i20 mentioned (FAMILY FUNDS) now I want to take bank loan. Will this affect my visa interview because the funding is different.
#fall2022

Aarav Singh · Answer

I am going through a similar situation Krishna, so just wanted to share my thoughts and what information was shared to me by my connections.

I believe the amount which is shown on i-20 is for 9 months and it's fine if you are showing your father's savings to get the i-20.

But during visa it might come up how would you be able to manage the funds for the 2 year. So I was advised by my connections to either have the entire amount in the account or have some loan saction letter..

Hope this helps..

Aarav Singh · Answer

I think that should work as well but instead of percentages it would be better if you could answer them in numbers, for ex- I have taken a loan of x lakhs and also my father is supporting me with x lakh amount.

For the visa question - I am not entirely sure it would come up but if it does you can try saying that the loan would still be in your name and you have submitted financial proof as collateral it could be land , house or anything..

Sai Krishna · Answer

Thanks for your inputs.
Can we also say like 80% of my tuition fee was covered by bank loan and 20% by my father's savings?

What to answer if visa interview is asking like this - in i20 it is mentioned family funds and why you took loan instead. Why there is difference?

Sai Krishna · Answer

If I would say like this visa officer would be definitely convinced.
Thanks man cheers 🙌

Students Funding in i20 form

Let’s continue on WhatsApp!