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FOREIGN STUDENT FINANCIAL STATEMENT CENTRAL MAINE COMMUNITY COLLEGE 1250 Turner Street, AUBURN, ME 04210 If you plan to live off campus, show $10,000 US FUNDS for each year you plan to study at Central

How to fill out foreign student financial statement

How to Fill Out a Foreign Student Financial Statement:

1. Gather the Required Documents: Before starting the financial statement, make sure you have all the necessary documents such as bank statements, income statements, tax forms, and any other supporting financial documents.
2. Begin with Personal Information: Write your full name, contact information, date of birth, and your student identification number, if applicable. Include your current address and permanent address, if different.
3. Provide Details about Your Sponsor(s): If you are financially supported by someone else, provide their full name, contact information, and relationship to you. Include their occupation, annual income, and any additional information relevant to their financial support.
4. Calculate Your Annual Expenses: Write down all the expenses you will encounter during your studies, including tuition fees, accommodation costs, health insurance, textbooks, transportation, and any other miscellaneous expenses. Be as accurate as possible and consider any expected changes in expenses throughout the year.
5. Estimate Your Annual Income: Include all possible sources of income, such as scholarships, grants, financial aid, part-time jobs, and your sponsor's contribution. If you have a job offer or anticipate earning income during your studies, provide the details here.
6. Provide Detailed Financial Information: Using the information from your bank statements and income statements, fill out the financial information section accurately. Include the bank name, account number, account balance, and any other required details.
7. Declare Your Assets and Liabilities: List any assets you own, such as properties, vehicles, or investments. Also, disclose any outstanding debts, loans, or liabilities you have.
8. Attach Supporting Documents: Make sure to attach copies of the necessary supporting documents, such as bank statements, income statements, and any other financial proof required by the institution or organization requesting the financial statement.

Who Needs a Foreign Student Financial Statement?

1. International Students: International students planning to study abroad often need to provide a foreign student financial statement. This document helps institutions assess the student's ability to financially support their studies and living expenses while being away from their home country.
2. Educational Institutions: Universities, colleges, and other educational institutions typically require foreign students to submit a financial statement as part of the admissions process. This aids in determining whether the student can afford the program's costs and whether they are eligible for any financial aid or scholarships.
3. Government Agencies: Some countries or states require international students to submit a financial statement when applying for a student visa or obtaining other necessary documents. This ensures that the students can support themselves financially during their stay and are unlikely to become a burden on the local government.
4. Scholarship Providers: Many scholarship providers, both governmental and private, request foreign student financial statements to evaluate the financial need and eligibility of applicants. This helps them distribute funds to those applicants who require financial assistance the most.

In summary, filling out a foreign student financial statement involves gathering the necessary documents, providing personal information, calculating expenses and income, and attaching the supporting documentation. This document is required by educational institutions, government agencies, and scholarship providers to assess a student's financial capability and determine their eligibility for admission, visa, or financial aid.

For pdfFiller’s FAQs

What is foreign student financial statement?

Foreign student financial statement is a document that shows the financial resources available to a student from another country to cover expenses during their studies in a foreign institution.

Who is required to file foreign student financial statement?

Foreign students who are applying for visas or scholarships are typically required to submit a foreign student financial statement.

How to fill out foreign student financial statement?

To fill out a foreign student financial statement, students need to provide detailed information about their financial resources, including bank statements, scholarship letters, and proof of sponsorships.

What is the purpose of foreign student financial statement?

The purpose of a foreign student financial statement is to demonstrate to institutions or organizations that the student has the financial means to cover their expenses while studying abroad.

What information must be reported on foreign student financial statement?

Information that must be reported on a foreign student financial statement includes bank account balances, sources of income, scholarship awards, and any financial assistance received.

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