Federal Regulations
International students must:
- Have sufficient funding for their educational costs in the U.S. each year
- Submit documents showing evidence of funds for at least one academic year, and
- Show evidence that, barring unforeseen circumstances, you will have the ability to fund your additional years of study as well.
The total funds must at least account for 1 academic year* costs for:
- Tuition and fees
- Room and board (including Winter break costs)
- Books & Supplies
- Health insurance
- Funds for required technology and personal expenses
*cohort year-round graduate programs may list 12-month costs
Cost Estimates
Please find current cost estimates below.
Additional Costs Not Included in the Estimate
- New Computer or phone costs: additional $1,500
- Transportation: $1,548
- Personal/Miscellaneous expenses: $2,000
- Student visa: $750 (estimated)
- Airfare: $2,000 for one-way travel to the USA and another $2,000 for travel home (estimated)
- Summer break housing & food: $2,500
Determining Financial Sufficiency
After you have a plan to fund your education, you will need to submit financial agreements from you and each parent or sponsor and their recent bank statements.
The documents must demonstrate the availability of the first year’s funding, and a strong likelihood of continued access to equivalent funding for each year of your program. Please see the additional requirements for the bank documents below.
The links to the financial agreements are below and should be submitted with the appropriate bank statements.
International Student Financial Agreement
Note: Students should prepare to upload any personal bank statements and letters with their financial agreement.
International Parent/Sponsor Financial Agreement
Note: Parents and Sponsors should prepare to upload the bank statements and letters for accounts they own that they will use to fund the students’ educational costs.
Additional Bank Statement Requirements
- Please note that all bank statements must be authentic and demonstrate a consistently available surplus over at least a recent 3-month period.
- Parental sponsorship provides the highest level of access for students and is markedly preferred by consular officials over sponsorship by other relatives or unrelated individuals.
- Personal savings account statements from parents and sponsors are the best way to demonstrate available funds for your educational use.
- Students sponsored by someone other than a parent must provide a recent three-month personal or parental bank statement showing a consistent monthly surplus of at least $5,000.
- Letters from a parent or sponsor’s bank or financial institution are acceptable if they meet the requirements below:
-Printed on the bank/institution’s official letterhead
-Contain a certification statement in English confirming the balance (in U.S. dollars)
-List the average monthly balance for the most recent three month period.
-Include the name, signature, title, date and contact information of the bank or financial institution, the currency of the funds, and an official seal or stamp.
- For parents and sponsors who are using business accounts:
- Business account funds can make up no more than 50% of the student’s total required financial resources.
- Only up to 50% of the monthly average balance in the business account can be counted as available for the student.
- All business statements must be accompanied by ownership documents and approval from all owners that the funds may be applied for the student’s educational use.
- Approved loans from a bank may be submitted as proof of support, but if the loan only covers one year’s costs, the student must submit evidence of eligibility for an extension of the loan to cover the following years’ costs.
- Church sponsorship is not acceptable as proof of support unless specifically waived for partner organizations.
- All statements must be from liquid funds. Non-liquid funds, such as investments, may be submitted to demonstrate continued funding for the subsequent years of your program.
Additional documents may be required at the discretion of the Office of International Students and Visiting Scholars and the financial . Students who defer to a new semester will be required to submit new bank documents for the new semester.