Money. For international students preparing to come to the USA and go to college, you need to be able to show you can pay for at least your first year.
Show us the money
For international students planning on getting their student visa and coming to the USA for college, our education system is telling you, “Show us the money!”. You need to be prepared to show financial ability to pay for at least your first year of school – likely with liquid assets.Studying in the U.S. isn’t easy for international students. There are standardized tests to prepare for, essays to write and deadlines to meet. And now there’s an even bigger hurdle to jump over – even for academic superstars: proving they can pay for their education.Even if a student has the best grades in the world, he or she is not likely to get into a USA college without being able to show proof the family can clearly pay for at least the first year of study, experts say. But how and what schools use to financially size up students isn’t as straightforward as it seems.“It’s going to vary school by school,” says Clara Priester, a regional educational advising coordinator for Education USA, which provides international students with information about U.S. schools. “There is no one size that fits all.”[Learn what you need to know about finances and the visa interview: F1 Visa Checklist.]The process typically works like this: Students apply to a school, and either at that point or after they are accepted the school will request proof of finances for a year or more. After a school decides a student can pay, it will send the student an I-20 form to take to a U.S. embassy or consulate as part of the application for student visa. There, a U.S. government official will make the final decision about whether a student can pay.Legally, schools are required to ask for proof that students can pay at least one year of tuition and estimated expenses, but it’s up to schools to decide if they want students to prove that they can pay for more, says John Singleton, director of international services Texas Christian University.Click here to view the original web page at www.usnews.com