peventing an RFE on last year's income (will need cosponsor)

[matt and jaehyun 0]

HI all,

I worked in Korea in 2007 and made about 28,000 dollars. I did not recieve or maintain very good documentation on this. This year I will begin law school and will subsist entirely on student loans. I have close to zero savings/ investments and what i do have will be gone before too long. Clearly, I will need a cosponsor, and my father will be helping me out as such (hopefully, see below).

My father has recently retired so does not have an income. He has substantial assets that he and my mother are drawing down until his pension kicks in at a higher rate in a couple years. This puts the combined incomes of me AND my planned sponsor at ZERO.

My questions are as follows:

1. I have read that income is not the sole determinant of ability to sponsor. Will his assets be sufficient for sponsorship?

2. My fiancee has a fair bit of savings and her family can help as well. Can this be factored in? (my impression is no, it cannot be)

3. Since I clearly am not claiming to support based on my income (loans only based on one person budget) will they still ask for documentation about my 2007 income?

This would be time consuming and very problematic b/c as I said I have little documentation and it would be difficult to get. It doesnt seem like it should matter b/c I dont have that job anymore and dont claim this income source in future. How can I avoid getting bogged down dealing with an RFE on this?

Thank you all in advance. this site is a godsend

Matt

[Devkpaik 1]

HI all,

I worked in Korea in 2007 and made about 28,000 dollars. I did not recieve or maintain very good documentation on this. This year I will begin law school and will subsist entirely on student loans. I have close to zero savings/ investments and what i do have will be gone before too long. Clearly, I will need a cosponsor, and my father will be helping me out as such (hopefully, see below).

My father has recently retired so does not have an income. He has substantial assets that he and my mother are drawing down until his pension kicks in at a higher rate in a couple years. This puts the combined incomes of me AND my planned sponsor at ZERO.

My questions are as follows:

1. I have read that income is not the sole determinant of ability to sponsor. Will his assets be sufficient for sponsorship?

2. My fiancee has a fair bit of savings and her family can help as well. Can this be factored in? (my impression is no, it cannot be)

3. Since I clearly am not claiming to support based on my income (loans only based on one person budget) will they still ask for documentation about my 2007 income?

This would be time consuming and very problematic b/c as I said I have little documentation and it would be difficult to get. It doesnt seem like it should matter b/c I dont have that job anymore and dont claim this income source in future. How can I avoid getting bogged down dealing with an RFE on this?

Thank you all in advance. this site is a godsend

Matt

Your fiance's families' ability to financially assist has no bearing whatsoever on the process.

Yes it is REQUIRED you supply them with documentation of your own if you worked in 2007 and filed taxes. Also, you AND your co-sponsor need to fill out separate affidavits.

[matt and jaehyun 0]

ok, thanks for those two answers.

how about the question of my father's ability to act as sponsor?

[Devkpaik 1]

ok, thanks for those two answers.

how about the question of my father's ability to act as sponsor?

I didn't answer that question because I'm not sure. I don't think that they like seeing a retired co-sponsor, but am not 100% sure. I'll let someone else answer this who knows for sure.

[pushbrk 14,518]

ok, thanks for those two answers.

how about the question of my father's ability to act as sponsor?

Your father can act as a co-sponsor by providing an I-134 and supporting documentation. The formula for using assets is 1 to 5. so it takes $5 in assets to replace $1 in income. Asset's need to be documented with bank or investment statements and/or home appraisal and mortgage statements.

The I-134 instructions are pretty good.

[matt and jaehyun 0]

ok, i clearly should be reading the instructions more closely. thanks for your help