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What is considered an economic hardship?

Economic Hardship means an onerous and excessive financial burden that destroys reasonable and beneficial use of property and that would amount to the taking of property without just compensation, or failure to achieve a reasonable economic return in the case of income-producing properties.

How do you get proof of hardship?

You must provide adequate documentation as proof for your hardship withdrawal. Depending on the circumstance, this can include invoices from a funeral home or university, insurance or hospital bills, bank statements, and escrow payments.

Does economic hardship affect opt?

Economic hardship does not affect your ability to be eligible for optional practical training (OPT).

What are the causes of economic hardship?

Hardship can also be caused by a lack of employment opportunities, unstable employment or \u201cprecarious work\u201d, and much more. But perhaps most of all the root cause of economic hardship is scarcity.

How do you prove economic hardship?

Evidence / documentation of your economic hardship. Examples of such evidence include: Copies of past and present currency exchange charts showing the devaluation of your country's currency. Proof (signed letters, affidavits, bank statements) of unexpected changes in the financial situation of your sponsor.

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