Canadians getting the I-20 form for F-1 visa

[howieh]

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Ok, so as I understand, as a Canadian coming to the US for med school, we need to get the F-1 Visa, and in order to get that, we need to get the I-20 form(s) from the school. But in order to get the I-20 form(s), in my case, I need to provide the school with Financial Docs that proves our ability to pay for the tuitions and fees with US$ funds.

Since I am getting the majority of my funding from a bank student Line of Credit, and they can only issue funds in CAD$, is it ok if I just send the school the bank form/statement with the figures in CAD$? Or do I have to somehow convert to US$? How exactly do I that, since the funds won't be issued until much later on?

Thanks for the help!

 

[JustDOG]

Hi,

I just want went through this for a post-bac, and the school took my Canadian dollars and never said anything. You may want to confirm with you school, but given that the two currencies have been so close for so long I don't see a problem. And hey, if you're lucky our dollar will be higher than theirs when it comes time to make that rather large tuition payment.
Mind if I ask what your stats are.

Congratulations getting in, and good luck!

 

[howieh]

Hi,

I just want went through this for a post-bac, and the school took my Canadian dollars and never said anything. You may want to confirm with you school, but given that the two currencies have been so close for so long I don't see a problem. And hey, if you're lucky our dollar will be higher than theirs when it comes time to make that rather large tuition payment.
Mind if I ask what your stats are.

Congratulations getting in, and good luck!

Haha I was thinking the same thing. Thanks!

 

[howieh]

Another question tho, since the loan is issued once a year, and then renewed the next year, how should I go about explaining to the school that I will be able to pay for the entire duration of the studies if right now I can only give them the docs with funds for the first year tuition and fees?

 

[JustDOG]

My best guess would be to get a letter from the bank stating your total loan amount and that the necessary funds are released once a year. The school may be able to give you a better idea of what they expect and how best to provide the documentation.