In order to meet your school's cost of attendance, it's important for you to have some savings. We also recommend having some non-debt funding - this can take the form of scholarships or sponsorships.
- 1. What is acceptable proof of savings?
- 2. What do I need to include in my proof of savings?
- 3. What do I need to include in my proof of financial support form?
- 4. Which documents can't be used as proof of savings?
- 5. Language translation and currency conversion:
1. What is acceptable proof of savings?
a. Personal Savings:
For proof of personal savings, we will accept the following documents in non-editable PDF format:
- Bank Statement
- Bank Letter
- Fixed Deposit Slips
- Life Cover Statements
- Investment Statement
- Pension Fund Statement
- Provident Fund Statement
- Proof of Internship Salary + Bank Statement
See the below image for guidance on the accepted letters:
b. Payments or Deposits made to your school:
If you have already made a payment or deposit to your school, then we can add this amount to your savings. We will need the invoice from the school with the accompanying bank statement showing the outgoing payment from your account or a screenshot of an email from your school confirming the amount that has been paid.
c. Contributions from friends or family:
For contributions from friends or family, the following documents are accepted:
- Bank Statement
- Bank Letter
- Fixed Deposit Slips
- Life Cover Statements
- Investment Statement
- Pension Fund Statement
- Provident Fund Statement
See the below guidance:
2. What do I need to include in my proof of savings?
- Your name and surname
- The name and logo of the financial institution must be visible.
- Bank account balance or the current value of investments.
- The document should not be older than 90 days from the date of upload.
3. What do I need to include in my proof of financial support form?
- The contributor’s name and surname must be visible
- The contributor needs to confirm the amount that will be provided to the student
- The contributor needs to state the student's name.
- The contributor needs to state the school that the student will be attending.
- The contributor needs to indicate on the form if the contribution is a gift or a loan.
- The contributor also needs to sign the financial support form.
- The contributor needs to state their full contact information
- We will require the family/friend to complete this form so you can upload it to your dashboard in addition to providing their statements.
4. Which documents can't be used as proof of savings?
- Car papers
- Real estate or property documentation
- Gold ornaments
- Personal Credit Card statements
5. Language translation and currency conversion:
Providing us with certified English copies of your documents will help speed up the application process.
If your documents are in your local language, our in-house servicing team will be able to translate and currency convert your documents, but in the rare instance where a translation is required, we'll let you know.
6. Sample documents:
