Pakistani applicants applying study permit for Jan intake gather here.

[hussainkestrel]

At this stage I'm not sure what to make of this. If all accounts are verified, I'm pretty screwed. If only the statement I provide is verified, I should be OK. I'm being sponsored by my employer.

I can't find any concrete information on this anywhere and only hearsay with the exception of this link: http://www.sbp.org.pk/bprd/2010/C6.htm
which indicates that embassy's don't have direct access and merely request the information via a bank's head-office - presumably of the statement you provide. The silver ling is that I will pay the university 100% (4 terms) of my tuition fees of the expected (not maximum) duration of my studies but that still leaves 2 terms open (if one takes the max. duration). But the expected graduation date is very realistic - I only need 8 courses to graduate and even if I take 2 courses per term it should be doable by everyone.

If I can find any sort of concrete information on whether all accounts are verified, I will most likely skip Waterloo and go to a cheaper school like UBC so I can sponsor myself. I only have 2 accounts and neither is overdrawn but even then I need to figure out how to show my personal account can support the cost. UBC costs a total of CAD 40,000 over two years and I can have an amount double than this in my account - the source would be my father. I can keep it there indefinitely and apply for Fall 2019 cycle.

Any advice would be appreciated on the matter.

My father and brother were my sponsor. I only provided two bank statements of my father but he had many more and those bank statements had zero balance in them. The two statements had a total of 47000 USD and i had sent 32,600 cad to Canada which is 1 year tuition fee. One of the statement was 2.25 months old and the other was merely 1.5 months old.

I believe you are taking this the wrong way. If they had asked me to show funds for all 5 years, i would have been screwed. The cost for 5 years is around 210,000 CAD at 32,600 cad per year and 10000 cad for living expenses and i had showed around 79k cad and the bank statements were not that much mature. Plus i didn't even provide the bank statements of my brother. But i did provide proof our annual year income which was substantial and paying the tuition fee for the first year is what they really ask but providing them proof of financial stability is always positive that you have done by showing business income and any other investments that you may have.

So my point here is, you just need to show proof funds for the first year and for the next terms, you just have to show that your income is sufficient to support yourself which i think the business related documents are enough. I am pretty sure they don't check those accounts that you have not provided simply because they don't have enough time to look for other documents. They will give decision based on the documents they have and if they are not enough, they wont even ask for more and simply reject your application.

Finally, paying the tuition fee for first year makes it easier as they have the proof of funds just in my case and that is the main reason i was approved with bank statements of just 2.5 months. So paying is more important.

 

[hussainkestrel]

At this stage I'm not sure what to make of this. If all accounts are verified, I'm pretty screwed. If only the statement I provide is verified, I should be OK. I'm being sponsored by my employer.

I can't find any concrete information on this anywhere and only hearsay with the exception of this link: http://www.sbp.org.pk/bprd/2010/C6.htm
which indicates that embassy's don't have direct access and merely request the information via a bank's head-office - presumably of the statement you provide. The silver ling is that I will pay the university 100% (4 terms) of my tuition fees of the expected (not maximum) duration of my studies but that still leaves 2 terms open (if one takes the max. duration). But the expected graduation date is very realistic - I only need 8 courses to graduate and even if I take 2 courses per term it should be doable by everyone.

If I can find any sort of concrete information on whether all accounts are verified, I will most likely skip Waterloo and go to a cheaper school like UBC so I can sponsor myself. I only have 2 accounts and neither is overdrawn but even then I need to figure out how to show my personal account can support the cost. UBC costs a total of CAD 40,000 over two years and I can have an amount double than this in my account - the source would be my father. I can keep it there indefinitely and apply for Fall 2019 cycle.

Any advice would be appreciated on the matter.

Also, i would advise not to talk about that it may take 24 months. Just tell them that the program is of 16 months which it is. Just like my program is of 5 years but some people do take longer. Don't complicate things for them and stick with the expected time of your program and explain that you have payed the 100% tuition fee.

 

[hussainkestrel]

Also, i would advise not to talk about that it may take 24 months. Just tell them that the program is of 16 months which it is. Just like my program is of 5 years but some people do take longer. Don't complicate things for them and stick with the expected time of your program and explain that you have payed the 100% tuition fee.

Saying that you have already paid the 100% tuition fee would look extremely good and the reliance on your bank statements would be very little as they have a much better thing, a receipt from University that the tuition has already been paid.

 

[hussainkestrel]

And if it took more than 16 months (which i highly doubt that it will take since the majority of students at Waterloo take 5 subjects per term and even my friends who are doing Meng are taking at least 4 so you'll be done within a year if you follow them), you can always apply for an extension and that is a much easier process than making things complicated for the VO now.

 

[AstronomyNut]

So my point here is, you just need to show proof funds for the first year and for the next terms, you just have to show that your income is sufficient to support yourself which i think the business related documents are enough. I am pretty sure they don't check those accounts that you have not provided simply because they don't have enough time to look for other documents. They will give decision based on the documents they have and if they are not enough, they wont even ask for more and simply reject your application.

Well, I just received the company's updated statement. The situation is as follows, like I mention, every week there is a large influx of funds. Usually on the order of ~200,000 CAD but at times, on the same day, almost the entirety of the funds are taken out (sometimes in one transfer) to pay vendors, salaries, materials and what not. Only 500 CAD remains at times.

I just don't know what sort of impression this will have on the VO. The company is in profit and I can provide annual tax returns to prove so but I don't know if this bank statement hurts the case or not.

Also, i would advise not to talk about that it may take 24 months. Just tell them that the program is of 16 months which it is. Just like my program is of 5 years but some people do take longer. Don't complicate things for them and stick with the expected time of your program and explain that you have payed the 100% tuition fee

Yes, but your LOA states 5 years, am I correct? In my case, the LOA states 12-24 months and while in the form I'm stating 16 months of expected duration, my concern is incase the VO thinks about the possible 2 extra terms, does the above described statement cover it? In fairness, 2 terms cost ~20000 CAD over 8 months which is ~10% of my weekly income.

 

[hussainkestrel]

Well, I just received the company's updated statement. The situation is as follows, like I mention, every week there is a large influx of funds. Usually on the order of ~200,000 CAD but at times, on the same day, almost the entirety of the funds are taken out (sometimes in one transfer) to pay vendors, salaries, materials and what not. Only 500 CAD remains at times.

I just don't know what sort of impression this will have on the VO. The company is in profit and I can provide annual tax returns to prove so but I don't know if this bank statement hurts the case or not.



Yes, but your LOA states 5 years, am I correct? In my case, the LOA states 12-24 months and while in the form I'm stating 16 months of expected duration, my concern is incase the VO thinks about the possible 2 extra terms, does the above described statement cover it? In fairness, 2 terms cost ~20000 CAD over 8 months which is ~10% of my weekly income.

If you can get a statement from the University that it will take 16 months then all you would have to do is explain in the SOP that the duration is 16 months and i have confirmed it from my University and attached their response in the letter of explanation section.

Like i said before, if you can get a response from Waterloo about the duration which would 16 months, then you would have already paid 100% tuition fee. So all you would have to show will be 12000 cad. Do you have any other account which has some fixed funds to accompany this bank statement. Though the inflow and outflow of this much money is good and you can also prove that it is earning profit then you are good to go but if you can show some funds fixed in a bank account then that would be even better.

 

[AstronomyNut]

If you can get a statement from the University that it will take 16 months then all you would have to do is explain in the SOP that the duration is 16 months and i have confirmed it from my University and attached their response in the letter of explanation section.

Like i said before, if you can get a response from Waterloo about the duration which would 16 months, then you would have already paid 100% tuition fee. So all you would have to show will be 12000 cad. Do you have any other account which has some fixed funds to accompany this bank statement. Though the inflow and outflow of this much money is good and you can also prove that it is earning profit then you are good to go but if you can show some funds fixed in a bank account then that would be even better.

Well, the webpage here: https://uwaterloo.ca/graduate-studies-academic-calendar/engineering/department-systems-design-engineering/master-engineering-meng-systems-design-engineering

states the duration to be 16 months. I can provide a PDF of this easily. If you were thinking about a letter from the department, they aren't co-operating. They just replied "you have upto 2 years" and went quiet.

I have my personal account which currently has ~25000 CAD, all from my salary, and after my sponsor provides me with the funds, I will have a net balance of CAD 40,000 (after wiring the tuition fee of 4 terms).

 

[hussainkestrel]

Well, the webpage here: https://uwaterloo.ca/graduate-studies-academic-calendar/engineering/department-systems-design-engineering/master-engineering-meng-systems-design-engineering

states the duration to be 16 months. I can provide a PDF of this easily. If you were thinking about a letter from the department, they aren't co-operating. They just replied "you have upto 2 years" and went quiet.

I have my personal account which currently has ~25000 CAD, all from my salary, and after my sponsor provides me with the funds, I will have a net balance of CAD 40,000 (after wiring the tuition fee of 4 terms).

40k cad after wiring money to Waterloo? Attach this statement too along with the business statement and that would be it. You would have paid the 100% fee and would have 40k cad for other expenses which is more than enough. If this is the case then i don't think there would be any problem as far proof of funds is concerned.

 

[Muzzi6191]

I'll share my experience with you. kindly share your profile which university you have applied for and program.

Did u go through the interview yet or not?

 

[hussainkestrel]

And attach the 16 months duration pdf from the website. They wont count in the extra 2 terms then.

 

[AstronomyNut]

40k cad after wiring money to Waterloo? Attach this statement too along with the business statement and that would be it. You would have paid the 100% fee and would have 40k cad for other expenses which is more than enough. If this is the case then i don't think there would be any problem as far proof of funds is concerned.

Well, lets not think in terms of whether or not there would be a problem - but I see what you're getting at, it's at least worth applying with a case like this.

 

[hussainkestrel]

Well, lets not think in terms of whether or not there would be a problem - but I see what you're getting at, it's at least worth applying with a case like this.

Yes it is okay.

 

[AstronomyNut]

Yes it is okay.

Would you say your first case was weaker than this?

 

[hussainkestrel]

Would you say your first case was weaker than this?

Look. In my honest opinion, you are over stressing. For me this is a great case. All you have to show is first year expenses and i have seen weaker cases get approved. Paying the tuition fee and showing that 40k plus the business statement is more than enough. Yes my case was pretty weak. The money was deposited in my brothers account a month ago and i didn't pay the tuition fee and was refused for lack of funds so i did a lot of research on proof of funds specially.

In short, you have a genuine chance because overall your profile is pretty good. Just apply and pray for the best.

 

[Helican]

tha

Same for you as i wrote for Hussain . Such good people you are.

thanks man. I am just addicted to this forum