Student Visa: Can I borrow money from relatives?

I had an interesting conversation with one of the frequent readers of this blog. It was about visa, bank balance, and source of money. I want our readers to answer the question.

I have partially answered the question from the reader and I’m expecting the readers to answer the last question.

Reader:

I’m admitted at the University of Connecticut. Its fees is $23,534/yr (approx. 9.5L INR) + living expense. I have a bank loan of 15L and liquid cash of 7L in my SB.

Plus assets and investments like PF, LIC, shares, property, etc. covering up to 16L. What are my chances of getting an F1 visa? Can you tell me the possibility?

Answer:


You will need to show more liquid cash because you don’t have enough liquidity even for the first year. 8L per year is s good annual income for parents, but try to get more money into your savings account or in FD.

Reader:

So will it be fine if I borrow money from my uncle and have it in my account. Will that be a problem in visa?

Answer:

You can do that, but if they happen to ask the source of money, be ready to say the answer.

Reader:

Well, can I answer that I have borrowed it from my uncle for my study expense?

I request other readers to help me in answering the question. In that way, we can see what other ideas students have in mind and it will definitely help others readers, too.

13 Comments

  1. Catherine Rejula on December 5, 2012 at 11:53 PM

    Hi I have prepared my application for US university for MS.. I need to know if the amount need to be deposited in one time cash or should have certain period of transactions?

  2. ASH on June 17, 2012 at 9:43 AM

    I have applied for Practical nursing course. If my relative sponsor me, what are the possibilities of getting a student visa?

  3. gul on August 1, 2009 at 12:22 PM

    I am applying for general student under tier 4 general.I want to ask that can i show my parents statement or i will need my own bank statement under new tier 4 application rules.

  4. Amisha on July 16, 2009 at 6:21 AM

    well my brother in low means my sister's husband sponcer me so in interview they ask that why your brother in law sponcer not your father ? what i give answer?

  5. Abhishek on March 13, 2009 at 7:52 PM

    Hello

    I have a query to ask you. Actually iam going to take GRE in May this year and looking to pursue masters in Water resource management, and will target Spring admission. i have listen that there is no provision for scholarship in spring admission and moreover for intern one has to wait for 19 credit hour which somehow take 3 semester??

    I have my sister and brother in law in U.S. Can i show their sponshorship for Visa grant??

  6. jenny on January 22, 2009 at 12:25 AM

    Hi,

    I had question do ask you guys. I’ve been living in Italy since a couple of years.Can i do sponser my brother in his US studies ???

    Or is there any problem since i’m not in US or in India.

    thanks

  7. jenny on January 22, 2009 at 12:10 AM

    Hi,

    I had question do ask you guys. I've been living in Italy since a couple of years.Can i do sponser my brother in his US studies ???

    Or is there any problem since i'm not in US or in India.

    thanks.

  8. Admin on July 8, 2008 at 4:33 AM

    @ Elizabeth: I have been thinking of doing hat for sometime now. I already have them in order, but its not updated. I will try to get it done by this month end. I'm trying to write about F1 Visa and Travel related articles now.

  9. Raghuram on July 8, 2008 at 4:29 AM

    @ Ashu: Anyone ( relatives, parents,..) can be your sponsor, provided you get Affidavit from them.

  10. Ashu on July 7, 2008 at 7:51 PM

    I have my sister working in states and my brother in law is also in states but studying.Can i say my sister is sponsoring me?

  11. elizabeth on February 17, 2008 at 6:24 AM

    HEY !!! THIS BLOG OF UR’S IS AMAZING !!!!!
    well i am looking forward to apply for 2009 fall….i have gone thru most of the required stuuff i ought to know for application processing.. well would be grateful to you if you can just list out in a sequencial manner precisely from where to start (numbered) followed by the next move and so. onn ..
    i ‘m eagerly waiting for the reply asap coz i think it’s only few months away to work on it completely… not to fall short of time… thank you…

  12. Raghuram on December 11, 2007 at 12:16 PM

    @ vijay

    Nope, I don't think so. I thin when you pay the money, it should have said, its non-refundable.

  13. g.j.vijay on December 11, 2007 at 9:01 AM

    i had cancelled my visa for two times can i get my money back

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