bank statement without student loan

How to get bank statement without a loan? Universities require bank statement so they can send an I-20. Usually, most schools accept bank statements when sent along other graduate school admission documents.

Schools require bank statement so they can send an I-20. Generally, most colleges accept bank statements when sent along other graduate school admission documents.

But in some schools like North Carolina State University, students are required to send bank statements only after they received the college acceptance letter.

Here’s a question asked by Gaurav in the comment section of Bank Statement for Student Visa:

Hi! My university has asked me to send the financial guarantee documents to process my I-20 for the Spring session, but they’ve asked me to show an amount of $37,100..that’s for 9 months, everything included.

I plan to take a loan, but the bank won’t give me one until I show them the acceptance letter, which the univ. says they have dispatched and should reach me soon.

Now what expenses do I need to mention? I mean just what the univ has asked me to or should I take care of 2nd year expenses as well?

I guess 2nd year expenses are not required for an I-20 but VO might wanna look at the statements in the interview.

When to Send the Bank Statement

It’s always better to send bank statements along with other college application and admission documents. This is okay as long as the university doesn’t have any restrictions on when to send bank statements.

Bank statements are valid up to six months from the date it was issued by the bank. If a university asks for bank statements only after a student gets accepted into the school, then you have no other choice but to send it after the admit.

Bank Balance for I-20

The study program length in I-20 varies from 9 months to 12 months. But usually, colleges will ask students to show funds for nine months.

  • 9 Months – Usually two semesters. Don’t include Summer Semester
  • 12 Months – Spring, Summer and Fall Semesters

A total expense of $37,1000 for nine months is a very expensive program. If you don’t get aid, then you will have to pay the entire cost and probably end up with $60,000 loan at the end of your master’s program. So, please think twice first before applying at expensive schools.

Bank Statement Without Loan

Banks will provide student loans only after an I-20 is issued to students, but to get an I-20, colleges require a bank statement. I certainly know it’s hard to get bank statements bearing an enormous amount, but you have no other choice.

I know its hard to get bank statement without loan. But, that’s how the system work and you have to find a way.

I have written a detailed article about the required bank statements for I-20 and on the impact of fake bank statements.

Having mentioned the impact of false bank statements, most of the students try to get their bank statements by borrowing money from relatives while applying to admission.

Usually, before a student visa interview is done, students tend to accumulate money that they had saved (or borrowed) over the years into a single account.


  1. Kumu on April 20, 2011 at 5:51 AM

    Hi, i got admission to one of the US universities for my PhD. they send me the I 20 offered with TA to cover all my expenses as i don't have any personal do I need to take any documents to prove my funds other than the I 20 to the visa interview? (as i don't have my personal funds, i can't present any bank statements).

    Please kindly reply soon…

  2. Dipakkumar on January 31, 2010 at 8:18 AM

    Hello sir,

    I need to ask something regarding bank statement. I am working in africa presently & my first aim is to collect the required fund to study in US. I need to ask, If we have FCNR account and if we show the fixed deposits in dollars, then any benefits we are availing to get the F-1 visa?


    Dipak Rane

  3. Robin Chacko on September 24, 2009 at 5:54 AM

    you need to have that much amount with you.

  4. easwaran on September 4, 2009 at 4:37 PM



    kindly enlighten me about the Money in the bank

    and how long it should be there

    i come to know that we should send bank statement about availability of funds, in the student or his sponsers, Parents, family sponsers

    kindly do feed me at your earliest convinence

    kindly do inform me is still Premium club membership is available

    please inform me fast.i would like to subscribe for 5 month scheme

    thanks for your wonderful blog





    • HSB on September 7, 2009 at 6:55 AM

      For admission it has to be there till you get bank statement.

  5. Manpreet Singh on October 21, 2008 at 8:01 PM

    Some university ask for Bank statement along with application material but its not possible to show such a big amount without loan which banks won't provide without an admit from university. So please suggest something to take me out of this deadlock.

    • Malleswari on October 19, 2010 at 1:46 AM

      Mr Singh you want the bank statment for you admission or for you visa tell about that

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