Prakash Singh, a 2018 MBA graduate from The Marriott School of Business at Brigham Young University in the US, used his Prodigy Finance Loan Letter (also known as a Sanction Letter in some countries) to provide proof of funding to his university. If you can only demonstrate you can meet the minimum, you may not be granted that all-important visa, whether it’s an F-1 for the US or a study visa for any other country text. Getting a visa requires you to prove you can account for every expense. You can do all the research you like, but life - and your new classmates - will throw unexpected opportunities your way and you won’t want to miss out. It’s difficult to be precise about your expenses, especially if you’ve never lived in your host country before. Like, Smith, you’ll probably need a little more than the CoA and you should take into account that: If you’re already deep into budgeting for your international degree, you already know that putting together your budget isn’t as easy as taking the CoA your school gives you and breaking it into sub-categories. Why you need a loan that covers more than tuition
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