I’m currently enrolled in a US university for an MS course and have completed one semester on H4 visa. I’m planning to apply for COS to F1 visa.
My previous semester is already paid for and we have enough funds right now to pay the fee for the next semester as well. However, we can’t show the funds for the entire I-20 amount right now.
I’m thinking to get a student loan approved from India to show as a financial proof to cover the entire I-20 amount.
My concern is, will the USCIS accept the loan sanction letter from Indian bank as a financial proof? And if not, is there any other alternative that I could use to show as a proof of funds?
Secondly, do I really need to show proof of entire I-20 amount right now? Isn’t it sufficient if I show a proof for the fee for just the next semester, along with my spouse’s salary slips?
Any help is greatly appreciated. Thanks!