Proof of funds for school (American to Canada)

[allie1988]

I'm going to have roughly $20,000 [give or take a grand] when I fly up to Canada from the United States (I'm American). This is enough for the first term (Fall); I was planning on taking out the loan for Winter at the end of the year to reduce interest rate expenses.

But I see on like every page that I have to have all my money for the entire first year all at once? What about Americans? Is it the same for us? We can easily take out a loan and get it sent probably in just a few weeks, though...

Will an immigration officer not allow me in because I'd only have enough for one term?

Not looking for copy-paste replies from webpages that say the same thing. I'm looking for more insightful answer.

Thanks.

 

[allie1988]

bump

 

[stresslock]

You should plan to have enough income to support yourself in Canada for 1 years time.

 

[meagan99]

show your parent bank statement to prove that you have enough regular income+ show 20k

other method: get education loan approval letter from bank. use this letter to get study permit. after you are done, just don't use this lette. as long as you dont withdraw money, you won't get charged.

although, bank requires little amount of money to issue approval letter, that money is known as processing fee. this fee is some percent of (maybe 1% maximum but bank charges less usually) total amount. so approve loan for amount worth the money which you lacking to complete the first year tution fee+10,000 +2000