How Much Bank Balance is Required for US Student Visa?

International students who get through the elaborated admission process in US universities have to submit details of financial funding next. OISS helps international students navigate through the immigration laws of US which are further helpful in understanding funding options students have and consequently applying for a student visa in USA.

OISS assesses the applicant’s funding for the first year only. This financial assessment is done once the student returns his or her Statement of Intent to Return (SIR), as referred to in some US universities. Once the OISS approves that the student has enough bank balance to study in the US and support education for the first year, they are granted their I-20 form after which the student visa application process begins.

However, to get an F-1 visa, applicants must show their funding sources and bank balance. Bank balance in USA is another requirement which needs to be fulfilled. Showing minimum bank balance is essential for visa officers to know that applicants can fund both education and living costs while studying in US. Before applicants plan their education in US, irrespective of public or private US universities, they must have their funding and bank balance in check. Check out the following article for more details on the bank balance required for student visa applicants in the USA. 

How Much Bank Balance is Required for a US Student Visa? 

There is no hard and fast rule to have a minimum bank balance while applying for an F-1 visa in the USA. However, it is usually recommended to show a minimum bank balance. So how much bank balance is required for US student visa?

• US student visa holders must have at least USD 18,000 (INR 16.79 L approx) - USD 24,000 (INR 22.39 L approx) in their bank account, which must also be reflected in the previous 6-9 months of statements.
• F1 visa proof of funds for 4 year course is also mandatory as part of the minimum bank balance for US student visa. 
• However, it is recommended that applicants try to show 1.5x more bank balances to show the Ad Coms/Visa officers that they will be able to sustain themselves in the USA during their study period.
• This excludes the SEVIS fee cost of USD 350 (INR 32,664) and the DS-160 form fee of USD 185 (INR 17,265), which is the application form exclusively for F-1 visa applicants. However, the exact bank balance for a student visa in the US will still vary based on the following factors:

• • Applicant's school and program choice
  • The cost of living in the specific US state of study
  • Applicant's circumstances
• Acceptable funding options in the US require a personal bank balance, education loans in the US for students, grants, scholarships, and RA/TA. Applicants can submit any of these proofs to show that sufficient funding is available for studying and living costs in USA.

The minimum bank balance for studying in the USA is to ensure that the applicant has a sufficient amount to sustain and study in the USA for the first year. This is why applicants can also get confirmation from US universities and I-20 forms. The bank balance is just a confirmation that the student can fund his or her studies irrespective of the sources of financial aid in the USA. This includes personal funding, sponsor funding, government or sponsoring agencies and US University-specific funding.

Latest Guidelines for Minimum Bank Balance to Study in US 2026

As per the recently updated student visa guidelines for minimum bank balance requirement in USA, there are few things to take care of. These rules and regulations are as follows:

• Applicants are required to prove they can cover costs for the first two years of their program, doubling the previous one-year requirement.
• The applicant's bank balance must consist of readily available funds, such as savings, fixed deposits, or sanctioned education loans.
• A steady history of savings is preferred; large, sudden deposits just before the scheduled interview may be viewed as suspicious by visa officers.

For those who are still trying to understand how they will fund their education, they can also refer to some useful Sources of Financial Aid in the USA as well. 

Who can Sponsor my Education in the USA? 

Tuition rates vary significantly from one US university to another, even when choosing a private university in the US or a public university in the USA. The cost of living is additional and increases the overall costs drastically. The annual tuition costs for international undergrads are around USD 40,000, while the cost of living in the USA ranges between USD 12,000 to USD 15,500 approx. 

To cater to these costs - the cost of studying in the USA specifically, there are four types of funding acceptable to study in the USA: 

• Personal or family savings 
• Educational loans from US or Indian lenders 
• Scholarships and financial aid including fully funded scholarships in US 
• Scholarships from external agencies and also NGOs or foundations (i.e. Rotary, Tata Group, etc)

Studying in the US is expensive, plus with latest rules, applicants will have to show expenses that are available at their disposal. 

Studying in USA - Funding Proof Requirements 

Apart from the above-given funding sources, some additional requirements must also be satisfied based on the funding the student submits to the university as part of the financial documentation assessment to the US Immigration Department to grant an F-1 study visa to international students: 

It can be concluded that, though for one year’s tuition fee coverage in the USA, the I-20 form is granted for getting a student visa in the USA, multiple forms of funding sources can be shown, and the minimum bank balance would also be considered. Thus, applicants should prepare themselves and their funding proofs accordingly. Also, read about FAFSA for Indian Students as many US universities would require international (including Indian applicants) to submit a FAFSA application to apply for a scholarship. 

For admission and application-related queries, contact us below in the comments or contact our counsellors for free counselling by signing up here - https://studyabroad.shiksha.com/apply.

Minimum Bank Balance Required to Study in USA FAQs