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Chattogram, Bangladesh

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AFFIDAVIT OF FINANCIAL SUPPORT FOR STUDENT VISA APPLICANT

 

CLICK HERE TO MAKE DRAFT AND EXECUTE AN AFFIDAVIT OF FINANCIAL SUPPORT / SPONSORSHIP, UNDERTAKING AND RELATIONSHIP FOR STUDENT VISA

 

What is Affidavit of Financial Support for Student Visa?

Affidavit of Financial Support (AOS) is not a financial document, but more so a support document. It is a validation of the financial support being provided to a student visa applicant. Generally, it is asked by foreign college or universities or foreign embassy / high commission specifically such as U.S. Embassy, Canadian High Commission, British High Commission, Australian High Commission, German Embassy, Sweden Embassy and More. Moreover, is also required in support of student visa. An AOS is a notarized and executed document signed by the deponent known as financial sponsor of the student visa applicant and the notary public. It is prepared in due form of law such on non-judicial stamp papers. It states that your financial sponsor such as your father, uncle is willing to sponsor your education and has hereby agreed to pay for the same, along with your living expenses. The signed document binds the person thereof to accept all financial responsibility for the cost of studying for you as a student. An AOS is processed with Proof of Income/Bank Balance Certificate as well as a Relationship issued and verified by the notary public.

 

Things to keep in mind:

  • Affidavit of Financial Support should be duly notarized and be produced in due form of law.
  • In case of a relative sponsoring your education, the document should clearly specify their relationship with student visa applicant and reason for sponsoring your education and clarify that the relative is capable of managing their own family expenses barring the support offered.
  • Proof of Bonafide Student.

 

For what purposes Affidavit of Financial Support is generally used?

An affidavit of Financial Support is submitted to the foreign college or university and visa office/consulate/embassies/ high commission to assure the visa officers that the financial sponsor has sufficient funds in order to support the student visa applicant.

You can submit an Affidavit of Financial Support to any of the visa offices/consulates/embassies/ high commissions, for example, U.S. Embassy, British High Commission, Canadian High Commission, Australian High Commissions, Dhaka, Bangladesh etc. as long as you have financial sponsor to support you financially.

 

What should you understand about an Affidavit of Financial Support as a student?

An Affidavit of Financial Support is a contract signed and declared by an individual to guarantee the minimum amount of financial support required by a student to pay for tuition fees, living expenses, insurance, books and supplies for the length of their studies.

An Affidavit of Financial Support / Sponsorship is required to be documented with the supporting financial evidence such as personal or commercial property, bank savings, income sources, etc.

An individual who guarantees the financial support is termed as a sponsor. Sponsor is usually parent or family member or close relative or other person who will provide the financial support to the student visa applicant. They may provide you with complete or partial sponsorship, but your total financial support must be well above the estimated expenses.

Please note that parent of the student has the strongest hold on declaring the Affidavit of Financial Support if supported with enough source of funds. Student can also submit the evidence of funds that are in their own names through Affidavit of Financial Support declared by the Financial Sponsor.

 

What should an Affidavit of Financial Support/ Sponsorship include?

  • Name and address of a sponsor
  • Name and Address of the student to whom the funds are provided
  • Relationship between a sponsor and a student
  • Declaration of amount, duration and purpose of sponsorship
  • Signed by a sponsor
  • Property, Bank Balance and other necessary information etc.

 

Please be advised to enclose financial documentary evidence such as property documents, bank savings, income sources, etc. notarized by a notary public.

 

What is Proof of Funds (POF) or Financial Capacity?

One of the basics of Student Visa Applications is the requirement of Proof of Funds or Financial Capacity. For almost all countries (barring a few), students are required to provide evidentiary proof that they are able to not only pay for the fee but also normal living expenses for the duration of their stay in the country. Some universities ask for the same, but only after sending you an admission offer. Irrespective who asks for POF, the fact remains that Proof of Funds refers to the proof positive that the student would be able to bear the cost of studying abroad. Studying abroad is a dream that requires extensive planning, various steps of application and long meticulous documentation. An important component of the admission and student visa are the financial support and documents.     

An Affidavit of Financial Support is a validation of financial support being provided to the student. Since the document is often asked for by Universities in the USA, UK, Canada, Australia along with Financial Proofs.

An Affidavit of Support or Sponsorship is a notarized document on a Non-Judicial Stamp Paper / in due form of law which clearly mentions that another person (parent/ spouse/ relative) would be sponsoring your education and paying for (or can afford) your fees and living expenses. The signed document directly binds the person to accept all financial responsibility for the cost of studying for the student. Often, the Affidavit of Support is supplemented with Proof of Income and/or Bank documents.

 

Proof of a Bonafide Student

No matter which country you are applying to, if you are applying for any category of Student Visa, you must be able to prove that you are a bonafide student. This is often done by producing confirmation of admission with Affidavit of Financial Support executed by your Financial Sponsor and witness as well as notarized by the Notary Public.

 

 

CLICK HERE TO MAKE DRAFT AND EXECUTE AN AFFIDAFIT OF FINANCIAL SUPPORT / SPONSORSHIP, UNDERTAKING AND RELATIONSHIP FOR STUDENT VISA