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Sources of Financial Support
Sources of Financial Support
TYPES OF FUNDS:
- FUNDS FROM "SPONSORS" (parents, relatives, friends, organizations). You may have as many sponsors as you need. Sponsors may provide you with support in the form of cash.
- PERSONAL FUNDS that come from your own resources, not those of your relatives. Unless you have enough cash to support yourself for your entire program of study or can prove other sources of personal income, you will need a sponsor with an income sufficient to support you.
WARNING!Support & Sponsors • It is highly recommended that at least part of your financial support come from your home country. This is important for getting your student visa!
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DOCUMENTARY EVIDENCE:
1. SPONSERS OF CASH SUPPORT:
Please download and fill out the AFFIDAVIT OF ANNUAL CASH SUPPORT (which can be found in the F-1 International Student Admissions Handbook ). This form may be photocopied for each sponsor. ALL questions must be answered. The form must be notarized.
2. PROOF OF INCOME:
Individual Sponsor
- Employer’s letter on letterhead stationary with most recent pay stub OR
- Income tax returns or receipts with most recent pay stub OR
- Bank statements for the last six months
- Investments
- If self-employed: Income estimate by a bank or private accountant
Corporate Sponsor
- Submit the most recent “Profit and Loss Statement” for the company
3. BANK STATEMENT in the name of the sponsor only, which states the date the account was opened, current balance (make sure the currency is clear), average deposits and average balances.
- For PERSONAL FUNDS, the bank statements should be in your name and state the date the account was opened, current balance (make sure the currency is clear), average deposits and average balances.
Please download and fill out the STATEMENT OF FINANCIAL SUPPORT WORKSHEET (which can be found in the F-1 International Student Admissions Handbook ).
WARNING!Bank Statements
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DOCUMENT REQUIREMENTS :
Please complete the F-1 International Student Admissions Handbook (contains the Applications for Form I-20) and submit it with al the necessary evidence of Financial Capability by mail directly to:
- The Admissions Office (Undergraduate Students)
- Graduate School (Graduate Students)
ALL DOCUMENTS YOU GIVE US MUST BE:
1. Less than two months old
2. In English, (we cannot review documents that are not in English)
3. Photocopies or faxes, not originals. You will need the originals of all the documents you have sent us to take to the American Embassy when we send you your I-20.
4. Sponsor Affidavits must be notarized, that is, signed by the sponsor in the presence of a notary public, the notary public must sign, and the official seal of the notary public must be on the affidavit. There are notaries public at all U.S. embassies and consulates. In the U.s., most neighborhood pharmacists, lawyers and accountants are notaries. There are notaries in all countries, though the names for them may be different. There are officials licensed by the national or regional government ot take sworn statements for courts of law or to witness contracts and property deeds.
