Youngsters in India wish to have their future settled abroad, especially in the Tier-1 countries, among which the USA is the top choice for many students. Yes, a major student population desire their dreams to study in USA. But transitioning to a developed country to study requires a well-structured financial plan. Students have demonstrated their financial ability to the visa officer to get a Study Visa for USA from India. They have to explain their financial ability to cover their tuition fees and living expenses during their study tenure. Taking up a study in the USA may lead to getting a work visa, and in future, it may ultimately open the pathway to Permanent residency.
To crack the US study visa application India requires expert guidance and assistance from a USA student visa consultant to navigate smoothly through financial requirements, costs, and strategies. How to apply for US study visa from India?, This blog is your answer for a Step-by-step process to get student visa for USA from India
Overview of the USA Study Visa (F1 Visa)
What is an F1 Visa?
The F1 Visa is a non-immigrant visa offered by the US immigration to students abroad who are willing to take up an International Study venture in accredited institutions in the US. By acquiring this visa, foreign students can get enrolled in a US university or college and can also be eligible for limited on?campus employment.
Who needs an F1 visa, and when should you apply?
Students who are willing to join a university and study in USA to pursue their higher education must apply for an F1 visa. Students who have received their I-20 form must immediately apply for the visa application before 3-4 months of the program commencement date.
Why choose the USA for higher education?
Many students desire to pursue their higher education in the United States, which is known for its world-class universities, diverse academic programs, cutting-edge research facilities, multicultural campuses, and opportunities for professional growth through internships and networking.
Student Visa USA Requirements - Financial Requirements
Minimum funds to show for a US student visa
After getting the F1 visa to facilitate travel to the USA, students must furnish their financial ability to demonstrate their eligibility to cover all the expenses, including the tuition fees and living expenses. Universities expect the students to provide the cost-of-attendance, while the immigration departments set the standard a bit more and expect you to furnish USD 10,000–15,000 beyond tuition estimates.
How much money do Indian students need to show in their bank accounts?
What are the requirements for USA student visa from India?
Indian applicants are expected to furnish their financial ability to cover:
- Tuition cost for the first year
- Living expenses to expenses for their personal, accommodation and travel expenses
- Health insurance
- Audit buffer: USD 10,000 –15,000 extra funds
For instance, if a student has a total of USD 40,000 for covering first-year tuition and living expenses, then they should furnish their financial stability with the account balance of USD 50,000–55,000.
What types of financial documents are accepted?
The US Embassy expects the students to submit the documentation to support their visa application to validate their travel to the USA. The documents are listed below for your reference:
- Bank account statements reflecting their savings, fixed deposit
- Affidavit of support from parents or sponsors providing financial assistance to support their stay
- Education loan sanction letter
- Scholarship award letters or assistantship letters
- Proof of fixed deposits or Public Provident Fund (PPF), these papers are subject to liquidity verification.
Who can sponsor you, and what are the conditions?
The students have to properly furnish the details about the sponsors. Sponsors may include parents, guardians, relatives, or institutions. But there are some conditions levied by the visa embassy, like:
- The sponsor must have a relationship with the students, for instance, a parent and child
- Proof of funds and income tax returns of the sponsor
- A proper letter of declaration of intent to meet expenses for the entire academic year
Breakdown of Estimated Costs for Indian Students
Tuition fees for various types of universities
Every university has set its tuition fees:
Cost of living: accommodation, food, travel, insurance
Breakdown of living costs for the students:
- On/off-campus housing: USD 10,000 - 15,000
- Food: USD 4,000 - 6,000
- Local travel and other: USD 2,000 - 3,000
- Health insurance: USD 1,000 - 2,000
The annual living cost for a foreign student living and studying in the USA will be USD 17,000 - 26,000. This may also vary with the university and living location, and lifestyle.
SEVIS fee and Visa Application Fee (MRV fee)
The SEVIS fee is a mandatory fee which must be paid by International students and visitors applying for F-1, F-3, M-1, M-3, or J-1 visas to study in the US. This fee is paid at the initial stage, and that too for only one time. Through this fee accumulation, the US Department of Homeland Security funds the Student and Exchange Visitor Program (SEVP) and the Student and Exchange Visitor Information System (SEVIS). It helps the US Department track foreign nationals and students.
- SEVIS I?901 fee: USD 350
- Visa application fee (MRV): USD 185
These fees can be paid via designated channels like HDFC or other designated bank systems in India.
One-time and recurring expenses in the USA
- Settling expenses: Books, laptop, deposits may cost around USD 2,500
- Recurring: Cell phone, utilities, and supplies will cost about USD 1,500
What Croyez Immigration Can Do for You
Expert financial guidance for USA study visa
Croyez Immigration has 10 years of experience in this field, and the best Study Visa for USA from India has helped various students to get their visas approved and pursue education abroad. We draft a personalised strategy to help to plan precise budgets, evaluate your financial health, and recommend strategies to prepare for F1 visa funds.
University and course selection aligned with the budget
Many students are confused in choosing a program as there many many similar ones provided by the institutions. As a Best US student visa consultancy in India, we assess your profile completely to select the best university aligning with your profile, academic goals and financial capacity, by reducing the risk of shortfall.
Visa interview training and document verification
Many fear attending the interviews for their visa application. Croyez gives training specifically for your profile and conducts mock interviews. Before the actual interview, all financial and academic documents are verified. Proper preparation is given to prepare yourself for questions around finances, goals, and plan clarity.
FAQs
How much bank balance is required for a USA student visa from India?
You typically need about USD 50,000–55,000 as liquid funds for the first year, including tuition fees, living expenses, to cover insurance, and buffers.
Can I take an education loan to show funds for a US F1 visa?
Yes, students can take loans to demonstrate their funds for a US F1 visa. A valid loan sanction letter covering at least the first academic year is accepted, along with bank statements and repayment proof.
What happens if I cannot show enough funds for my US study visa?
If you can’t demonstrate funding during your interview, your F1 visa application is likely to be rejected.
Is there a difference in funding requirements for community colleges vs. universities in the US?
Yes, Community colleges cost less, with the USD 15,000 - 20,000, whereas private universities may require USD 60,000+.
How does Croyez Immigration help with proof of funds for a student visa?
Croyez, the best consultant for USA study visa, assesses your financial profile, recommends funding sources, ensures documentation meets US Embassy standards, and assists with presentation strategy at the visa interview.
A Study Visa for USA from India needs proper planning, and students must show their financial transparency with expert guidance. As an experienced consultant for a USA student visa consultant, croyex immigration, will guide you to relish your dream and achieve your education plans abroad.
