Receiving a support from anyone is often associated with giving back gratitude, however, there are some instances when a recipient should be able to prove that he is supported and sponsored by an individual. This can effectively be done with the use of an affidavit of financial support form.
An affidavit of financial support form is a document which is used by individuals who are required to prove that they are financially dependent on others. This type of affidavit form is often used during application periods, specifically in educational institutions where students will apply for a student aid or a loan as well as for a scholarship to finish their aimed educational degree. The form is then submitted along with the student’s or the applicant’s completed application form which will be subjected for a review or a verification process in determining the applicant’s eligibility for the benefits and program.
Creating an affidavit of financial support form can be accomplished easily by following the steps below:
Step 1: State instructions for the users of the form. The instructions should not only focus on a guide of how the user can fill out the form but also the steps or the process of completing the application or submission of the affidavit. In addition, the specific legal forms and documents which will be enclosed with the filled out affidavit form should also be included in the instructions in order to properly inform the user of what must be gathered for him to supply proof of his claims and statements in the form.
Step 2: Allocate an area for the estimate expense amount. The estimated amount will allow the institution or the organization requiring the affidavit to know the average consumption and expenses of the affiant which are necessary for him to sustain his needs, specifically his educational goals if the affidavit is intended to be used by students and scholars.
Step 3: Make an affiant information section. This would be the area where the affiant will be able to disclose all of his personal information such as his name and his address along with all other details up to his contact information and birth or citizenship status. Moreover, the affiant information section should also be accompanied by a declaration statement. The purpose of the declaration statement is to ensure that the user is disclosing facts and accurate information into the affidavit to be used by the organization in their verification and selection process.
Step 4: Create an area for the affidavit of support from personal sources. The family members and the friends of the affiant who are helping the affiant in the present and previous years would be the main subject of this section. The general information of each sponsor will have to be indicated in this section along with a statement that they agreed on the level of financial sponsorship to be provided to the affiant. The relationship of the sponsor to the affiant must also be defined in this section as well as the duration of the support or when the sponsor will be sustaining the needs of the affiant.
Step 5: Add an area for the affidavit of support from a funding agency. If the affiant is sponsored by an institution, group, or an organization, then the group representative must fill out this section of the affidavit form. This will contain the name of the sponsoring group or agency, the type of degree approved by the group that they will be sponsoring, the address of the group’s office, as well as their agency seal.
Affidavit of financial support forms can vary depending on where the form will be used and who the target user of the form. Below are some of the common varieties and examples of the affidavit of financial support forms:
Affidavit of Financial Support Bank Certification Form – This example of an affidavit of financial support form is intended to be used and completed by the financial sponsor of an applicant or the affiant. The form is significantly used and provided by banks as well as by other financial institutions. In the form, the basic identification information of the applicant will be the first details to be disclosed. Succeeding the applicant’s information would be the personal data of the financial sponsor along with an oath of affirmation which should be completed and signed by the sponsor. Then, a bank certification section requires to be filled out by the bank official or the representative who is handling the form. This certification focuses on the verification of the bank that the amount or the funds to be sent to the applicant is readily available in the sponsor’s bank account. Additionally, the certification will also prove that the statements and the disclosed details of the applicant and the sponsor were all factual and accurate based on what the bank official or representative is aware of. To complete the form, the bank official must attach the bank’s official seal on the area provided in the form.
Affidavit of Financial Support for Graduate Students Form – Finishing a graduate program requires a student to not only be able to use his knowledge and skills that he learned from his undergraduate courses but also ample financial support from people who can sustain his financial needs. This is when an affidavit of financial support for graduate students form becomes useful. The purpose of the form is to document the graduate student’s sponsors and to ensure that the amount each sponsor can provide is sufficient for the student’s educational fees and payments throughout the period of his graduate program. The form will contain three sections wherein the first one is intended for the student, the second is for the sponsor, and the third or the last section will be for informing the parties involved of the other forms and documents required to be submitted along with the completed affidavit. Identical to the aforementioned affidavit form, this document should be able to have the particulars of both the student or the applicant and the sponsor as well as the sponsor’s signature in the guarantee certification statement.
Affidavit of Support for Financial Sponsor Form – This variety of affidavit form contains four separate sections. The first section is the information section of the applicant which should have his full name and the organization or the educational institution where he will be using the financial aid of his sponsor. The second section, on the other hand, centers on the details of the sponsor such as his name, address, and his contact information. In the third section of the form, a statement for a certification of support is indicated which is allotted for proving the sponsor’s responsibilities and role in the program that the applicant is aiming to obtain a financial aid. Lastly, the fourth section will lay out the minimum expenses that the sponsor will be shouldering for the applicant or the student which can include the tuition payments, room and boarding for the shelter of the student, and even the student’s books and school supplies. The amount that the sponsor will provide per year must also be stated in the form in order to inform the student and the organization about whether or not the stated amount is sufficient or will have to be increased to meet the financial needs of the applicant or the student.
International Students Affidavit of Financial Support Form – This type of affidavit form is ideal to be used by international students who are dependent on their sponsors. The form will cater the information of the international student’s sponsor along with his own information and the bank details of the sponsor. Some of the inclusions in this type of affidavit form is a bank statement and an affidavit of support statement to be fulfilled by the sponsor as well as the particulars of the international student’s education to be catered by the sponsor. In the event that what the student has as his sponsor is a relative or family member, then the sponsor must fill out the last portion of the form which is intended for his general information.
An affidavit of financial support form is important due to its role in helping an organization fulfill a verification process. This process is significant for determining the capability of an individual in sustaining his basic necessities in order for him to meet the objectives and requirements of an organization. Another reason why an affidavit of financial support form is important is that it serves as a documentation for the sponsor of the recipient. This allows the organization to gather ample details and background of the sponsor which will also be a tool for them in analyzing whether the recipient will be needing more sponsors for his intents or if the sponsor will be asked to provide higher amount or funds.