I Need Help Please

[sam3]

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Hi everyone:

I decided to write here on SDN about a new problem that came up out of nowhere .Am really stuck , squeezed to the maximum limits & I would really appreciate any kind of help or advice .If anyone can participate in an Idia or suggestion,i'll be more than glad to listen.

I did a good serch on SDN to find an answer & I called all the persons in charge at UPENN ,but still I could NOT find a solution till this moment .I thought the only difficulty regarding UPENN acceptance might be the 15K for the summer course.Although that I have 15K , but a new BOOBOO came up....... . Here is the situation :

After I paid 5,450 $ as my first deposit for the preclinical course ,I recieved an( I-20 ) application form that I have to fill in order to obtain an F-1 student Visa later. On the final section (section F -financial certification ) they are asking for a certification document which is : a bank statment that prooves that my co-signer has this amount to support my first year at UPENN ,

Last week ,I called the lady at OIP ( office of international programs ) who is responsible for issuing the I-20 and she said " we only need a bank letter showing that your sponsor has this amount in assets " .As a matter of fact my sponsor is my 2nd cousin & he is a cardiologist whith SOLID assets worth about more than300 K & he has the American citizenchip .

Yesterday ,I called her again to ask about somthing and she told me the LOVELY SURPRISE .She said that these 70K assets must be LIQUID ASSETS which means : cash, bonds ,.....etc . When I told her that my sponsor has only 10K in liquids and more than 300K in solid assets ,she said that will not work ,they must be liquid assets . I asked if there is another way arround ,she said if you can get a loan Preapproval that would be OK .

I called the financial aid office to inquire about a loan preapproval & the lady there told me a new disscouraging thing .She said " you can't apply for a loan preapproval untill 90 days befor the regular PASS program starts which means you have to wait till may or june !!!!!!! .

I called the office of international relations at the dental school, & the lady over there suggested that maybe I can go over this problem by borrowing 70K from family members or friens !!!! . It looks to me that there isn't any kind of coordination between these depatments ,so I will try to call the PASS director tomorrow to see what she
might say . I just hope that she will not tell me that I have to come up with the mony frome anywhere ,coz if so ,I guess that I can say BYE BYE to my acceptence .

Guys....... !!!! someone pinch me please ,coz I do not believe what is happening here .Am I halusinating??? ,or this is a scary joke ???.who has 70K in liquids these days ??? and why did not they tell us this during the interview?? . there is nothing even mentioned on UPENN site about this .I do appriciate any idia,suggestion , ..or hint . Please tell me anything that might help , coz my brain stopped functioning .

 

[dentaldoc]

Dear sam,
Relax!..There is a solution for every thing..You r not telling goodbye to ur acceptance!...everyone who got admitted should have faced the same kinda problem..and they got over it..isn't it?..As if everyone have 70k as their bank balance!..No it is not the fact...This is kinda tricky thing u have to work it out..it is that u & ur cardiologist cousin can ask a favour from ur friends and borrow all the money they have for an hour or so, so that u get a bank statement immediatly and give the money back on the same day or even get loan from the credit card companies transfer the amount to the account and pay them back immediatly..thisa is all i have but for sure there r many pathways...all the best

 

[Meggs]

Sam, calm down. I'm sure they go trough this every year. In fact, the AdOfficer at UOP told us the same thing.

What would happen if you just wait until 90 days before school starts to apply for a loan pre approval? After all, if you cousin is in so good financial standing, you know chances are you'll get it anyways. Would something get delayed because of this? What would happen if you postponed your visa application until you get the pre-approval deal?

And, since you're a Canada resident. Have you tried researching Canadian loans that don't require a co-signer, or that don't require the 90 day period thing?

 

[toothlord]

sam3 i really can feel how tense and apprehensive you are,its really one of these un anticipated dilemma,iam sure that the 70k liquid stuff is hard to get,the only thing that i believe would be helpfull is to get connected to any colleague you know (friend from syria for exampl) and ask him how he managed to get through it,because it doesent make a sense that they only want you to have the liquid stuff from the large number of candidate that Upenn has,you might get a solution.

 

[Meggs]

Cool, the three of us posted at the exact same time!

 

[dentaldoc]

yeah..

 

[toothlord]

iam sorry i realized that i shouldent laugh.🙁

 

[toothlord]

Originally posted by dentaldoc
Dear sam,
Relax!..There is a solution for every thing..You r not telling goodbye to ur acceptance!...everyone who got admitted should have faced the same kinda problem..and they got over it..isn't it?..As if everyone have 70k as their bank balance!..No it is not the fact...This is kinda tricky thing u have to work it out..it is that u & ur cardiologist cousin can ask a favour from ur friends and borrow all the money they have for an hour or so, so that u get a bank statement immediatly and give the money back on the same day or even get loan from the credit card companies transfer the amount to the account and pay them back immediatly..thisa is all i have but for sure there r many pathways...all the best

i wouldent advice having the bank statement and then returning the money bank since they might consider this a fraud.

 

[sam3]

Toothloard :
I called all my Syrian collegues .NON of them has a similar situation as mine .Some of them have Green Cards & the others came directly from Syria to Kaplan ....they got the I-20 through it .......then the F-1........then when they got in to AS program they applied for a ( TRANSFEER IN REQUEST FOR F-1/J-1 STUDENT ).This can't work for me ,coz I have to get an I-20 through UPENN then I get the F-1 at the borders.

This is kinda tricky thing u have to work it out..it is that u & ur cardiologist cousin can ask a favour from ur friends and borrow all the money they have for an hour or so, so that u get a bank statement immediatly and give the money back on the same day

Dentaldoc :
I thought about this option ,I do not know if he can do this ,coz I do not wanna embaress him . I do not know ,i'll call him later to see ,although I think it will be hard for him.........you know may be his friends will not accept..........I do not know i'll check later .But there is somthing here if we were able to do it ,it will appear on the bank statment that the money were in his account just recently !!!! don't you think that the OIP will realize it ???

or even get loan from the credit card companies transfer the amount to the account and pay them back immediatly..thisa is all i have but for sure there r many pathways...all the best

This is a new idia ,I never knew about it B4 ,I'll check if it is possible & I hope that it is easy .BTW my cousin told me earlier that he has cridet cards limits of a100 K . Still there is the same question I asked you befor .......Don't you think that the OIP will see on the statment that the money are new to his account ???? do you think that they might reject the statment ???

What would happen if you just wait until 90 days before school starts to apply for a loan pre approval? After all, if you cousin is in so good financial standing, you know chances are you'll get it anyways. Would something get delayed because of this? What would happen if you postponed your visa application until you get the pre-approval deal?

Meegs :
My cousin's cridentials are mor than good ,and I know that I can get the loan ,but the problem is that the university will NOT let you start your program unless you already have an F-1 ,so I have to get an F-1 befor 19th of Aprill .

And, since you're a Canada resident. Have you tried researching Canadian loans that don't require a co-signer, or that don't require the 90 day period thing?

I had this option in my mind also .I am a Canadian citizen ,But the problem here is I do Not have this very good cridits here (very low limits,but Not bad cridits history ) .Another thing is that I must have a good canadian co-signer in Canada & unfortionatly I do not .

Thank you all guys for your help ,I'll see if anyone else can come up with new idias . I guess my best shot will be Dentaldoc 2nd Idia about getting the mony from the cridets ,hopfully it works

 

[sam3]

Originally posted by toothlord
i wouldent advice having the bank statement and then returning the money bank since they might consider this a fraud.

This is what worries me .They can notice it easily at OIP .

 

[Meggs]

Originally posted by rajkang
Some indian students paid some money to bank officials in India and they made bank statement for them. U can try that.

How does that works?. You mean like bribing a bank officer in order to get fake statement?

 

[Meggs]

Originally posted by sam3
Thank you all guys for your help ,I'll see if anyone else can come up with new idias . I guess my best shot will be Dentaldoc 2nd Idia about getting the mony from the cridets ,hopfully it works

I still think that there just be must be some misunderstanding or lack of communication between departments at UPenn. I mean, they go trough this every year, how do they solve it then?

Sam, you should calm down, wait until tomorrow to call UPenn again, breath deeply and count until 10 before calling. Call the Admisions Director or more helpful employee you can get. And s-l-o-w-l-y ask them again to please help you clear this up. Speak as clearly as possible, to make sure they understand you right.

And also ask them about recently added amounts into the account that you're suposse to show. Well, maybe this question should be to the FinAid department director.

But calm down and when speaking to them, do it slowly so that both parties can understand each other.

 

[sam3]

Originally posted by rajkang
Some indian students paid some money to bank officials in India and they made bank statement for them. U can try that.
U can have multiple sponsors.

Rajkang:
This can't work here in Canada .

.

Or ask friends to transfer money to ur account and then transfer it back..

I know about this way also, but if I showed them that I have a 70K in my account that means that I can't get a loan ,coz in this case I already have the money in my account, so they will say you do not need a loan .

It is hard to believe that a cardiologist has only $10 K in bank

No NO , he is just doing a subspicialty right now in a hospital ,so his contract is only 55K now I guess ,but last year his contract was 130K while he was working .He told me that next year his contract will start with 250K ,It is just the bad time for him now .

 

[Meggs]

Originally posted by sam3
Rajkang:
This can't work here in Canada .

Rajkang meant to do it back home in Syria, or any other place as a matter of fact. To show a bank statement from anywhere showing that you do have the equivalent of 70K to pay for the first year of school.

I know about this way also, bot if I showed them that I have a 70K in my account that means that I can't get a loan ,coz in this case I already have the money in my account, so they will say you do not need a loan .

Probably, by the time you'll be applying for your loan you'll have already withdrawn that amount from the account.

 

[sam3]

Originally posted by meggs
I still think that there just be must be some misunderstanding or lack of communication between departments at UPenn. I mean, they go trough this every year, how do they solve it then?

Sam, you should calm down, wait until tomorrow to call UPenn again, breath deeply and count until 10 before calling. Call the Admisions Director or more helpful employee you can get. And s-l-o-w-l-y ask them again to please help you clear this up. Speak as clearly as possible, to make sure they understand you right.

And also ask them about recently added amounts into the account that you're suposse to show. Well, maybe this question should be to the FinAid department director.

But calm down and when speaking to them, do it slowly so that both parties can understand each other.

Meegs :

I did not only call .I wrote very long & detailed e-mails first , then I called , I do speek very well & clear and they understood me a 100 % ..I asked how did the previous students go through this ,she said they all could show the money .But after I gave up ,I wrote another detailed e-mail yesterday to the pass director and I did not get her answer till now,so I will call her tomorrow .

 

[sam3]

Originally posted by meggs
Rajkang meant to do it back home in Syria, or any other place as a matter of fact. To show a bank statement from anywhere showing that you do have the equivalent of 70K to pay for the first year of school.


It does NOT work even in Syria . It is NOT that easy overthere .

 

[RoyalAlbatross]

Hey Sam,

What a story man! I knew that PASS at UPenn was expensive but to show a proof of liquid asset of $70K even before you start! Wow, it is a lot, isn't it?

I know most of UPenn PASS graduates have taken out loans but they all had Green Cards through their spouses... it's unfair, isn't it? Sam, you'd better put your best clothes and dancing shoes on and go out and date some cool single US ladies! I'm sure Philly will have its own bucket load of 'nice young ladies'!

As for your I-20... just remember, they only need to see this once before you start... afterwards, they won't ask you of this bank statement. As most have suggested why not hold a family meeting and explain this situation and see if there may be a way out? They just need a proof that someone who trusts you will be prepared to pay for your education at UPENN (and that you don't violate the US immigration law and work here illegally!).

A number of suggestions:

1. Try Canadian banks with your family as co-signers
2. Try asking your cousin the cardiologist to be your co-signer with whatever he has in his asset (may have to talk to his financial adviser!)
3. Contact UPENN PASS students if you know of any and ask their experience
4. Always set up a Plan B in case this one is just way beyond your reach! If you can get into UPENN, you will get into another school pretty soon... you can always ride another wave!

Hope this was of some help buddy. Good luck!

Cheers,

2ed..

 

[sam3]

Hi secondedition :

I know most of UPenn PASS graduates have taken out loans but they all had Green Cards through their spouses... it's unfair, isn't it? Sam, you'd better put your best clothes and dancing shoes on and go out and date some cool single US ladies! I'm sure Philly will have its own bucket load of 'nice young ladies'!

that was reeeeeeeeeeeeally cool .What do you think am a CAZANOVA , FABIO,........or BRAD PITT ??? Am only a 5'8 chbby male with round eyeglasses .Definatly ,if there is a SUGER MOMY with 70K in cash...she could get a better deal than this .

As for your I-20... just remember, they only need to see this once before you start... afterwards, they won't ask you of this bank statement

.

This is what I what I wanna verify .The lady from the international relation office at the dental school told me ; " as a school we do NOT ask you to have the money in advance ,coz we know that 90% of students pay through loans .We are separate department from the OIP .They need this bank statment in order to issue an I-20 for you ,but we do not set this statment as a condition or as a prerequisit " .

Now I wanna make sure that the OIP just wanna see it for ONE TIME ONLY . Another thing is that, as a Canadian, I have to show this official bank statment at the border's point of intery in order to get the F-1 .

As most have suggested why not hold a family meeting and explain this situation and see if there may be a way out? They just need a proof that someone who trusts you will be prepared to pay for your education at UPENN (and that you don't violate the US immigration law and work here illegally!).

All my family members in Syria trust me ,but 70K US = 3,500,000 Syrian pounds which is considered as a fortune over there . If I gathered all the tribe of sam3 ( starting from my grand grand grand father ........till their grand grand children ++++ their neighbors as a bonus ++ tax. ) ,they won't be able to come up with this huge amount .

1. Try Canadian banks with your family as co-signers

I read the canadian loans system very well .They need a co-signer with high cridets & big assets ,unfortunatly my dad is just a simple guy .

2. Try asking your cousin the cardiologist to be your co-signer with whatever he has in his asset (may have to talk to his financial adviser!)

He is my co-signer , but OIP wanna see the 70K in liquids .

3. Contact UPENN PASS students if you know of any and ask their experience

Do you know any of them ??? I do not know how to reach them. Even though ..............who is gonna be that friendly to give me his time .they are allways very busy.

4. Always set up a Plan B in case this one is just way beyond your reach! If you can get into UPENN, you will get into another school pretty soon... you can always ride another wave!

I allways have plan B in my life . In this situation ,it is to get accepted at BU .

 

[ek_dds]

Hi Sam,

It definetely is a unique problem.

Frankly the authorities are doing their job.Whenever a student applies for a program,irrespective of what the program is-i.e MPH/MS/MBA/DDS,when u apply for an F1,proof of sufficiency of funds is a must.This is done in the interest of the student so that he/she doesnt face any problems once here.

Now-as regards India-it is true that 5-6 years ago-one could get a bank statement from a known banker.But given that everyone doesnt have a banker friend,students used to borrow money from lenders for interests that rock,make a statement and then return it,all within a week,most often than not,giving the lender a post dated check.Some who could afford,waited till the visa interview was over fearing questions from the embassy-so that they know the money is still there.


Things changed when this practice was noticed,Now-one needs to submit a bank statement for the last 6 months and these bank accounts with deposits have to be from reputed bankers so that there is no shadowy deals happening.

Now to the problem in question:

If you do have a 70k balance in ur bank account,I do not think that the private banks you would be approaching for the loan in the near future would object to it-cos its none of their business-you need money and they provide it for an interest rate.All that they are concerned really is the credit history of ur sponsor and probably urself.

Now,once an I-20 has been issued in ur name,I dont think that the university would be really concerned/interested to know the future channelling of that money-all that they need to know is that u/ur sponsor has the dough needed-which u did show in ur statement-that pretty much explains a somebody in the office telling u to borrow money from family and friends-frankly everyone knows that no one would possess so much in liquid assets.

It is pretty understood that it can be done this way.
Now what if,I have the money and I return it back and they say its a fraud-I highly doubt that-As far as my knowledge goes-the purpose of the bank statement is to only issue you an I-20,
THATS ALL.How you pay ur fees later on is ur botheration.

And EVERYONE knows that EVERYONE studies thru loans.
So I really dont think that what happened to the money is anybody's business.Or if you are so anxious-probably this happened:Your sponsor let you have the money,but in the last minute asked you to return it and study on ur loan for which though,he gracefully agreed to co-sign.Because he felt that you need to feel partially be held responsible for the money involved.

While writing this itself I read ur new post at this juncture,how do u raise this kind of cash.No wonder its a huge amount.
The only feasible and immediate way would be to raise money seems to be thru credit cards like someone suggested-but you will have to make sure that your brother has that much in advance cash credit-NOT simply the credit limit he's allowed.AND if he does have the 70k in cash,will the credit company take the money back once ur work of getting a statement is done?

Credit companies are there to make money.So make sure if they are willing to let you withdraw somuch for a day or two and take it back without any interest(which I highly doubt).In case of interest how much would they be charging,if it is for a day or two.

Any other possibility doesnt seem realistic because here one needs to state a purpose for the loan,so things like ur brother taking a loan and returning it back within a day or two probbaly seems unlikely.

The other possibility with no cost to you would be if your brother can use his 'Good Heart' over his friends,some of whom should be working Im sure,frankly 70 k for a while should not be a big deal.He could give them post dated checks in advance and pool up the money and provide you with the statement which could be good enough even at the entry point because I think that one needs to show statements that are within the last 6 months period.

Frankly all Ive said here is purely on my own equations of permutations,I need not be entirely correct or legal,Im suggesting possibilities.Whether they are true to the word or not,ethical,legal or not,I have no idea-but theres nothing wrong in thinking what If?

So all said and done it would wise to clear all ur fears and go official,take the suggestions from the OIP and make ur moves.
Be wise buddy!

And a little something!Dont lose out on such a valuable opportunity at UPENN.

Wishing you well!
Fight On!

EK.

 

[dentaldoc]

Originally posted by ek_dds
-cos its none of their business-you need money and they provide it for an interest rate.

Now what if,I have the money and I return it back and they say its a fraud-I highly doubt that-As far as my knowledge goes-the purpose of the bank statement is to only issue you an I-20,
THATS ALL.How you pay ur fees later on is ur botheration.

And EVERYONE knows that EVERYONE studies thru loans.
So I really dont think that what happened to the money is anybody's business.
Frankly all Ive said here is purely on my own equations of permutations,I need not be entirely correct or legal,Im suggesting possibilities.Whether they are true to the word or not,ethical,legal or not,I have no idea-but theres nothing wrong in thinking what If?

So all said and done it would wise to clear all ur fears and go official,take the suggestions from the OIP and make ur moves.
Be wise buddy!

And a little something!Dont lose out on such a valuable opportunity at UPENN.

Wishing you well!
Fight On!

EK.

I very well agree.....

 

[Henna]

Sam,
Try to work this out.

- Get a more than one person to help you with the $70/- K.
All you need is a bank statement which is signed by the bank and {the acc holder} saying that they have the specified amt in the bank. If you can get few ppl to come up with 20 K each it should work
- If they don't have enough savings then ask them if they can apply for the 'line of credit' even that statement is valid.
- I went through the same problem, and this is what I did.

Good Luck.

 

[organic]

quoted from Musketeer
Hi Organic,

I am not sure if you are a Canadian or not, but I know many Canadian students that are in professional studies (dental, med) in U.S. apply for CanHelp. Dental and medical student can borrow up to $25,000/yr on their own, or $45,000/yr with a Canadian co-signer. You can get more information on CanHelp Website :

http://www.internationalstudentloan...udent/index.htm

Hope this will be useful to you!


__________________
TBA Class of 2008

 

[sam3]

Originally posted by toothlord


iam sorry i realized that i shouldent laugh.🙁

Why not man .This is not supposed to be a funeral😀 .

 

[lebelle]

hey sam,

I am not very sure ...if I have understood ur problem right .

You can borrow loan solely based on credit history ..sponsored acess loan permits you to do this.

When I spoke to them they told me that I can apply for this loan anytime ...... u can call them up too or go to their website.

This loan u can apply if ur sponsor has UScredit history for atleast 3 yrs and a social security number . so if u apply for this loan now itself and tell them that right now u just need a preapproval and that they can sanction the loan from july/aug .
Its better u talk to them directly than relying just on my info.

Hope I am talking sense ...

good luck and keep it going

lebelle

 

[Meggs]

Originally posted by secondedition
3. Contact UPENN PASS students if you know of any and ask their experience

Try 2ed advice here http://www.upenndentists.com/forum/index.php. Who knows what may come out of there!

And, btw, Henna's advice on "line of credit" sounds good.

 

[sam3]

Meggs : I already registerd in that forum since the day you posted the link 2 weeks ago .I posted 2 questions over there regarding laptops and appartments long time ago ,but that forum seems to be less active than here .

 

[sam3]

Hello everyone :

I have a lot to write about in my next posts on this thread , I just need some time to arrange them . I did a lot of work today ,unfortunatly it does NOT look promissing till now .

I wanna organize my posts,cause i will attach some e-mails from UPENN ,and some official immigration forms to it .I want everyone on this forum to learn and make the best advantage of my case & experience ,coz some other members may go through the same troubles am in right now .

I just wanna say somthing guys ; It is not about me being pessimest or sombre .Am a tough warrior & I do Not give up that easy .However, even if I could not make it to UPENN , I wanna thank you all for giving me your time and precious advices .God bless you all .
👍

 

[sam3]

Originally posted by lebelle
hey sam,

I am not very sure ...if I have understood ur problem right .

You can borrow loan solely based on credit history ..sponsored acess loan permits you to do this.

When I spoke to them they told me that I can apply for this loan anytime ...... u can call them up too or go to their website.

This loan u can apply if ur sponsor has UScredit history for atleast 3 yrs and a social security number . so if u apply for this loan now itself and tell them that right now u just need a preapproval and that they can sanction the loan from july/aug .
Its better u talk to them directly than relying just on my info.

Hope I am talking sense ...

good luck and keep it going

lebelle

-**Lebell :
I verified what you said.I know that you told me to contact the bank directly,but I called the F.Aid first ,and I asked the lady again if there is any way to get the preaproval .
-She said " it is up to you ,you can call them,but i'll tell you how it works .The bank needs to certify your acceptance " .
- I asked here : can't they certify it just by having my acceptence letter??
-She said : " NO ,They can ONLY do this through the school itself .This is done electronicaly between the bank and the school ,coz they have to make sure that the money is MATRICULATED for the year 2004/2005 ,and this is ONLY done 90 days befor the regular PASS starts .It is done ONLY by the end of May or bigining of June " .
Although I got here point and I know that I can't do what you suggested ,but i'll call the bank next week to check it one more time ,just in case they may say somthing different.

 

[sam3]

Originally posted by ek_dds
Hi Sam,

-**Thanks alot buddy for this long detailed post .I really appriciate the time & effort you spent in it . .

It definetely is a unique problemFrankly the authorities are doing their job.Whenever a student applies for a program,irrespective of what the program is-i.e MPH/MS/MBA/DDS,when u apply for an F1,proof of sufficiency of funds is a must.This is done in the interest of the student so that he/she doesnt face any problems once here.

-** I agree with you , I wanna do everything legaly and in a correct manner .I do not wanna get later complications,surprises.........or violations of the law.

Things changed when this practice was noticed,Now-one needs to submit a bank statement for the last 6 months and these bank accounts with deposits have to be from reputed bankers so that there is no shadowy deals happening. .

-** Students used the same method in Syria befor,but it was noticed also .And they need to do same as you have mentioned here.

Now to the problem in question:If you do have a 70k balance in ur bank account,I do not think that the private banks you would be approaching for the loan in the near future would object to it-cos its none of their business-you need money and they provide it for an interest rate.All that they are concerned really is the credit history of ur sponsor and probably urself

-** I agree with you here ,I was just assuming this probability in my mind.

that pretty much explains a somebody in the office telling u to borrow money from family and friends-frankly everyone knows that no one would possess so much in liquid assets.

-** I hope that this will work , I just wanna check how to do it right & legaly ( I mean ,in case I could find the 70K) . Here is what I wanna check : I think this 70K should be deposited for the period starting frome the financial statment issuing date .........till I get the F-1...Why ???. I just do not know how the system works . I mean, when the OIP gets the bank statment, don't they verify it with the bank ??? .One more thing , when I get to the borders, do the officers verify it again and make sure that the money is there ?? . I know that these sound as silly or stupid questions , but I always prefare to be save than sorry .

It is pretty understood that it can be done this way.
Now what if,I have the money and I return it back and they say its a fraud-I highly doubt that-As far as my knowledge goes-the purpose of the bank statement is to only issue you an I-20,
THATS ALL.How you pay ur fees later on is ur botheration.

-** I hope this is true .I know that the school does not ask for the statment .

Or if you are so anxious-probably this happened:Your sponsor let you have the money,but in the last minute asked you to return it and study on ur loan for which though,he gracefully agreed to co-sign.Because he felt that you need to feel partially be held responsible for the money involved

-* * I love you man....You are a G +E+N+I+U+S... where did you get this sinario from ?? I really love you .

The only feasible and immediate way would be to raise money seems to be thru credit cards like someone suggested-but you will have to make sure that your brother has that much in advance cash credit-NOT simply the credit limit he's allowed.AND if he does have the 70k in cash,will the credit company take the money back once ur work of getting a statement is done? So make sure if they are willing to let you withdraw somuch for a day or two and take it back without any interest(which I highly doubt).In case of interest how much would they be charging,if it is for a day or two

-** This method seems to be the most resonable one till now . I just have to check it with my cousin & his bank.As I said the mony should be there for more than a day or two. I guess it needs to be in his account for at least one month,coz the I-20 processing taks about 3 weeks alone by itself , And i'll pay him the intrests for this period .

The other possibility with no cost to you would be if your brother can use his 'Good Heart' over his friends

-** I do not know if this may cause him any embarecment....,I'll ask him anyway.

So all said and done it would wise to clear all ur fears and go official,take the suggestions from the OIP and make ur moves.

-** I wanna go official ,and thanks to everyone in advance for any single tiny littile idia that may help.

And a little something!Dont lose out on such a valuable opportunity at UPENN Wishing you well!
Fight On!

-** Don't you think that this will break my heart in a million pieces...!!! it has been several days that I can't sleep 🙁 .

 

[pinktooth]

Hi Sam,
I am sorry I cannot help you with any possible answers to your problem ,but I can definitly say that you have come this far,have went through so much of trouble I am sure God will show you a way..
Take care and keep the faith👍

 

[toothlord]

sam3.....man you have a bad luck....ma7soud.....i dont know what to say but as some wize people said here over this thread...fight and dont lose the hope.

 

[pinktooth]

Hi sam,
You could try emailing or sending a pm to people who are already accepted at UPenn like Joey,DVK or Dr Pablo..
All the best..

 

[toothlord]

THIS IS REALLY A GOOD IDEA PINKTOOTH.

 

[organic]

my previous link doesn't work
sorry

http://www.internationalstudentloan.com/canadian_student/index.htm

there are also:
http://www.internationalstudent.com/loans/can_students.shtml

http://www.finaid.org/otheraid/canadian.phtml

http://www.canlearn.ca/NSLSC/support/faq/nlcomalo.cfm#faq1

http://www.princetonreview.com/grad/finance/citizensbank.asp
http://www.campusaccess.com/campus_web/educ/e3fin_pro.htm

http://www.studentaffairs.columbia.edu/finaid/about_applying/canadian/

http://www.geocities.com/podstudentsforum/Cdnstudentloandilemma.html

http://www.reg.sfu.ca/calendar/U Fin Assistance5.html

Canadian Higher Education Loan Program (CanHELP)

Scholarships available for Canadian Students who are enrolled at least half-time in a degree granting program at a participating IEFC school. For more information visit: www.iefc.com/
Canadian students may also be eligible for loans through their province:
Alberta Student Assistance Program 403-427-2301
British Columbia Student Assistance Program 604-387-6100
Ontario Student Assistance Program (OSAP) 807-343-7260

 

[organic]

sam
I would also like to share my opinion on some of the advice others gave you in the link.

I think it is unwise to try to trick the financial system, ( getting a fake note, or wiring money for one hour ) This credit based society will remember every single tiny little fault you made, no matter how good the rest of your record is. It takes 5 - 7 years to clear a r bad record just on your credit report. Unless there is nothing to lose other than pursuing these methods, I don't think you should risk your future.
one may have trouble getting dental license too, if he or she has a record of fraud.

just my afterthoughts after reading others' stories of past financial mistakes

 

[sam3]

Hi organic :
Thanks alot for inserting all these links .I will check every single link you have inserted tomorrow ,hopefully I could find somthing . As far as I know from my past experience with canadian loans( since I applied to six canadian dental schools ) , it is a provencial issue .The provences you listed ( Alberta ,Ontario and British colombia ) are the major ones participating in loans for canadian studying in the USA .I will try to find if there is somthing new regarding Quebec .

sam

I think it is unwise to try to trick the financial system, ( getting a fake note, or wiring money for one hour ) This credit based society will remember every single tiny little fault you made, no matter how good the rest of your record is. It takes 5 - 7 years to clear a r bad record just on your credit report. Unless there is nothing to lose other than pursuing these methods, I don't think you should risk your future.
one may have trouble getting dental license too, if he or she has a record of fraud.

just my afterthoughts after reading others' stories of past financial mistakes

I will never take that risk .I will try to work it out ONLY officialy .I do not want to get in to "after shock surprises .

 

[sam3]

Originally posted by pinktooth
Hi sam,
You could try emailing or sending a pm to people who are already accepted at UPenn like Joey,DVK or Dr Pablo..
All the best..

I will do it right away ,this never came to my mind ...!!! I already said that my brain stopped functioning yesterday due to the long hours I spent searching,reading, calling, e-mails........etc . Hopefully they may tell me how did they went through this .

 

[sam3]

Originally posted by Henna
Sam,
Try to work this out.
- If they don't have enough savings then ask them if they can apply for the 'line of credit' even that statement is valid.
- I went through the same problem, and this is what I did.

Good Luck.

Hi Henna , how are you chef .😀. I called my cousin tody , and he told me that he might be able to come up with 40K as a "Line of cridit " .Thanks for the suggestion 👍

 

[kpat]

Sam,

Please check your e-mail.

Kpat

 

[Henna]

Originally posted by sam3
Hi Henna , how are you chef .😀. I called my cousin tody , and he told me that he might be able to come up with 40K as a "Line of cridit " .Thanks for the suggestion 👍

Ok, now you owe me one 🙂.

Btw, if your cousin owns a house ( which he has partially paid for) you can use that. You can also use the RRSP statements, even the investments ( stocks & shares ) can be used ( that's a stretch though but is accepted most of the time ).

 

[sam3]

Originally posted by Henna
Ok, now you owe me one 🙂.

Btw, if your cousin owns a house ( which he has partially paid for) you can use that. You can also use the RRSP statements, even the investments ( stocks & shares ) can be used ( that's a stretch though but is accepted most of the time ).

I owe you more than one.........you should say ONESSSS😀 . My cosin has a house worth 239K & he already paid 100k of them , how can he use that ??? do you mean he can get a loan depending on that ????? .
He put his house for sell ,coz he is moving to New Jersy in june , but no serious coustemers showed up yet .He told me all my problems will be solved if he can find a buyer very soon.

Sorry for my ignorence, but how can he also use the RRSP ??? .He is willing to do ANYTHING just not to loose my acceptance .

 

[sck]

hi,
i think all of us who require I 20s will be in this situation. because i have received my I 20 form and it says the same thing, i have to show the amt equal to the first year expense in the bank!!!!!! My husband came here on a student visa 4-5 yrs back and he had to do that for his I20 too.. so i guess there will be many of us here sailing in the same boat..

 

[Meggs]

Originally posted by sck
hi,
i think all of us who require I 20s will be in this situation. because i have received my I 20 form and it says the same thing, i have to show the amt equal to the first year expense in the bank!!!!!! My husband came here on a student visa 4-5 yrs back and he had to do that for his I20 too.. so i guess there will be many of us here sailing in the same boat..

Yeah, but maybe we will be within the 90 day period, and could get loan pre-approval in order to get student visa. I don't know for sure, 'cause I haven't started yet.

 

[Henna]

I'll just share with you guys as to what I had to do to get the I-20.
I had to show that I had the total amount for the whole 2 yrs of the program which included the living expenses as well. (The loan that I had applied for, was not included/ accepted to get this I- 20/ F-1 visa.)
I was a resident of Canada then so that was what I has to go through. This may not be the case for some of you but I thought I'll just let you know so you are forewarned in a way.

 

[sam3]

Originally posted by sck
hi,
i think all of us who require I 20s will be in this situation. because i have received my I 20 form and it says the same thing, i have to show the amt equal to the first year expense in the bank!!!!!! My husband came here on a student visa 4-5 yrs back and he had to do that for his I20 too.. so i guess there will be many of us here sailing in the same boat..

This is why I wanted to start this thread So we can all share the info.I called a student in the PASS first year yesterday ,and he told me "You gotta show them the 70K in liquids buddy.............there is no way out "

 

[sam3]

Originally posted by meggs
Yeah, but maybe we will be within the 90 day period, and could get loan pre-approval in order to get student visa. I don't know for sure, 'cause I haven't started yet.

Some of My friends at BU could get through it by having a loan preapproval ,this is how they got their I-20 .It just does not work at UPENN due to the summer cource .

 

[sck]

Hey Sam3,
There are some places that require u to show a certain amt with your application, even before u get accepted.. the most practical way of managing this is to ask 3-4 (or whatever no. of friends/relatives) friends/relatives to transfer their liquid assets to your account, get a statement, keep the amt for a week or couple depending on your friends' convenience and then give them the check.. Believe me, i know people do that and this doesnot cause problems..

 

[toothlord]

Originally posted by sam3
Some of My friens at BU could get through it by having a loan preapproval ,this is how they got their I-20 .It just does not work at UPENN due to the summer cource .

do you have to pay the summer copurse by your self?isent it covered in the loan you will get?

 

[Meggs]

Originally posted by toothlord
do you have to pay the summer copurse by your self?isent it covered in the loan you will get?

That's the issue, it is not covered by finaid. But most applicants know that before hand, because the schools mention it at the interview.

 

[sam3]

That where the pain comes from...............in real am dealing with 15K+ 70K =85K