For your visa, you will most likely be applying for a J1 student visa which is for students participating in an exchange programme. F1 student visas are usually for students not participating in an exchange but in recent years more US institutions have started to process their incoming students through the route of an F1 visa, please follow the guidance from your host institution on which applies to you.
Your host university will send you a visa document which you'll be required to take to the Embassy for your interview. All students going to the USA must attend for an interview.
The USA visa system is complicated and requires you to produce financial proof at an early stage within the application process. Original financial documents are required to show you can cover the cost of your time in that country. Parents/relatives can be used as sponsors if required. Your host university will inform you what amount requires to be evidenced, but you can see an approximate amount if you view the relevant notes of guidance.
For US visas, you can apply for an expedited appointment if the processing times look lengthy. To do so, you will need to already make an original appointment and then request the expedited one through their website.
Student Visa - Proof of Funding Requirement
It is important to note that certain destinations, particularly the USA –require you to prove in advance that you have access to sufficient funds to support yourself for the duration of your exchange. This is a visa and immigration requirement and you will not be issued a student visa without displaying proof of funds prior to your exchange.
Proof of finances is usually included as a required component in the official application to your host institution and you should, therefore, be aware that you might need to prove access to funds as early as March/April depending on your application deadline.
The amount you need to prove varies depending on where you are heading - each host institution calculates their average cost of living for exchange students for the academic year, this includes being able to cover the cost of administrative fees, insurance, books, living expenses and travel (exchange students do not need to prove the costs of tuition). Some destinations will be more expensive than others so it is important to keep this in mind when considering your budget and expenses. Costs tend to range from circa $12,000 to $25,000.
You will need to prove you can access this figure in liquid funds. You can prove the amount in numerous ways including:
- personal bank account funds (providing a bank statement or letter)
- sponsors bank accounts (family members or friends who agree to sponsor you all or some of the amount – they will need to provide a bank statement or letter from their bank)
- Student loan award letters (maintenance loans can count toward proof of funds)
- Bursaries or scholarships (you will need proof that you will be receiving this when abroad)
The following will not be accepted:
- Documents older than 3 months
- Income or salary statements
- Funds that are not immediately accessible (stocks and shares etc.)
- Assets that are not in liquidated form (house, car, etc.)
- Life insurance policy statements
- Pension funds
- Tax return forms or documents