Did you know that a student visa for the USA will not be processed if your SEVIS fee remains unpaid? Even the approved application of the education loan will not do any wonder in this regard. So, let’s uncover important information about SEVIS and its fee.
The Student Exchange Visitor Information System or SEVIS is a web-based database system that keeps an accurate and current record related to:
The SEVP collects and maintains information on the SEVIS on behalf of the USS Department of Homeland Security (DHS) to ensure that only legitimate international students or exchange visitors enter the country. This information is useful for the USS Customs and Border Protection (CBP), the USS Citizenship and Immigration Services (USCIS), the USS Immigration and Customs Enforcement (ICE) and many other federal enforcement agencies of the US.
When the University accepts the application and offers admission to international students, it notifies the DHS with their SEVIS information. The SEVIS number is provided by the University to students, and it reflects even on the I-20 form.
SEVIS fee for international students:
Who must pay I-901 SEVIS Fee?
Congress has made it mandatory for all international students and exchange visitors to pay the SEVIS fee. Currently, F-1 and M-1 visa applicants need to pay $ 350, and J-1 visa applicants need to pay $ 220 as the SEVIS fee.
Some of the key points to remember regarding the SEVIS fee are:
How to pay the SEVIS fee?
You can easily pay the SEVIS fee either online or by mail. Paying online is the fastest and safest medium. You can make the online payment by using a credit card. You can even make a payment by cheque, but that will take a minimum of 3 weeks to process and reflect in the SEVIS record. Please note that if you are making payment by regular mail, you need to pay 15 days prior to the interview. However, if you are opting for electronic payment, you can pay three days before the visa interview date.
Higher education in the US can be expensive. Therefore, most students opt for an education loan for studying abroad, as they aspire to finance their education independently. Please remember that both the education loan and visa application process will take some time and hence, it is advisable to apply well in advance.
At Avanse Financial Services, we understand the significance of your higher education, and hence we offer quick sanctions, 100% finance and other benefits. To know about more benefits of taking loan for abroad education from Avanse Financial Institution, get in touch with us today!
We always aim to offer you competitive interest rates on your Avanse Education loan.
The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate + Spread.
Our current Base Rate is 14.25% (WEF 01.05.2023).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.