Why us embassies require bank statements despite fully funded university scholarships

Why do US universities advertise “fully funded” scholarships for international students, yet the US Embassy still requests a bank statement even if the university guarantees financial responsibility for the student?

US universities often advertise “fully funded” scholarships for international students to attract talented students worldwide. These scholarships typically cover tuition, fees, and sometimes living expenses. However, the US Embassy requires a bank statement during the visa application process for several reasons:

1. Proof of Financial Stability: The US Embassy wants to ensure that the student has access to sufficient funds to cover any unforeseen expenses that the scholarship might not cover. This includes personal expenses, emergencies, or any gaps in funding.
2. Supplementary Costs: Even fully funded scholarships may not cover all costs of living and studying in the US. Students may need additional funds for travel, health insurance, books, supplies, and personal expenses.
3. Visa Compliance: US immigration laws require students to demonstrate they will not become a financial burden on the state. By showing proof of financial resources, students are assured that they can support themselves without violating the terms of their student visa.
4. Scholarship Conditions: Some scholarships are conditional or subject to renewal based on academic performance or other criteria. The Embassy needs to ensure that the student can continue their studies if the scholarship is reduced or withdrawn.
5. Economic Fluctuations: Exchange rates and economic conditions can change, affecting the value of scholarships and stipends. A bank statement provides a buffer against such uncertainties.

While the university may take responsibility for covering the primary costs, the embassy’s requirement for a bank statement is an additional measure to ensure the student’s overall financial preparedness for studying and living in the US.