You must present evidence that you have adequate funds: that you and your parents (or other sponsor) are willing and able to generate sufficient funds for your entire course of study, and that you would not leave school for financial reasons or take a job illegally in the United States.
You should present a letter from your parents (or other sponsor), specifically explaining how they are going to finance your education. They must document all sources and amounts of income, showing how much they earn each year. It is necessaryto document that they are earning enough income to cover family living and business expenses, as well as the cost of your education.
Documentation of income is different for each family, but could include such items as salary slips, contracts, company annual audited accounts and financial statements, tax clearance certificates, etc. Be sure to include your parents’ bank statement as well.
Your parents’ bank accounts should show that they have liquid assets sufficient to cover the first year of your education. Bank statements should cover the past three to four months. If bank statements are not in your parents’ (or other sponsors’) names, demonstrate the link between the name on the statement and your parents/sponsors. Remember, a bank statement alone is not sufficient evidence of your financial support: you must also show evidence of your sponsor’s sources and amounts of income. Financial documentation may not be older than six months at the time of submission.