Funds
In order to successfully obtain an F-1 or M-1 student visa to the United States, you will need to show that your education will be fully financed and all your day-to-day living expenses will be covered.
If you will be on an F-1 visa, your existing financial resources must clearly cover a 12-month academic term, and you must be prepared to prove that your further years of study will be covered as well. The government does not expect you to be able to pay for all your years of education the day you get your visa, but it will expect you to show where the money will come from.
The total financial expenses including the tuition fees and living expenses are already mentioned in the I-20 financial information section. There is no set amount for the US visa, and therefore, this amount could vary depending on the university you are attending. Students should have financial support proof for 1.5 times the amount mentioned in their I-20. For example, the amount mentioned in your I-20 is $25,000 for the first year. Then, show an amount close to $38,000.
Who can sponsor the funds?
Financial documents required while applying for US study visa
Either all or a combination of the above-mentioned documents can be carried at the US Consulate or Embassy.