ProcessControl did a fantastic job with that essay on Financial aid
I have some more doubts in this regard..
I understand that a financial statement (either from myself/my sponsor/my bank manager) is to be sent along with my application packet. This financial statement will prove to the university that I possess enough liquid cash in a current account to get me through atleast the first year.
My 1st question: Is sending this letter a must during application period? or can i do this after getting an admit ?(that could be with/without aid) ?
This money for one year I am talking about is what i am going to get after requesting a few relatives to invest in me and lend the cash.
MY second question: Would the university tend to not even consider me for an RA/TA ship because I would have shown financial strength for an year anyway?
My third question: What is the minimum period I would need to have the money in the bank prior to the date of application ?
Post admission, i intend to apply for an edu loan, and clear my debts with my relatives.