How much bank balance is required for MS in USA?

Question

Sonali Bisht · Accepted Answer

To pursue an MS in the USA, you need to demonstrate sufficient funds to cover your tuition and living expenses. Here&rsquo;s a breakdown based on the source provided:

Tuition Fees: These can range from $20,000 to $40,000 per year, depending on the university and program. For a two-year program, this totals approximately $40,000 to $80,000.
Living Expenses: These typically range from $10,000 to $15,000 per year. For two years, this amounts to $20,000 to $30,000.
Additional Costs: Other expenses, such as books, supplies, health insurance, and travel, might add another $5,000 to $10,000 per year. For two years, this totals $10,000 to $20,000.

Total Estimated Amount: To cover both tuition and living expenses for a two-year MS program, you should have a bank balance of around $70,000 to $130,000. This amount ensures you can comfortably handle all your expenses during your stay in the USA.
Financial Documentation Requirements
When applying for a US student visa, you need to provide financial proof, such as:
Bank Statements: Recent statements showing sufficient funds.
Affidavit of Support: If someone else is sponsoring you, a notarized letter confirming their support.
Loan Approval Letter: If you&rsquo;re taking a loan, a letter from the bank confirming the loan approval.
Having these documents ready will help in the visa application process and demonstrate your ability to support yourself financially while studying in the USA.