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USA Financial Requirements

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International students must document their ability to pay for their education and living expenses whilst overseas. You are not required to show proof of funds for the entirety of your studies; however, a source of funds will need to be evidenced for future payments. Any part time work undertaken whilst overseas cannot be used to demonstrate proof of funds. Please review the following items prior to submitting your financial documentation to a university or immigration official.

  1. Financial documents must be original copies where possible. The funds should be visible on official letterhead and include an authorised stamp and / or signature. Scanned documents might be accepted but are not advisable due to an increased risk of visa rejection. 

  2. All financial documents must be recent. Producing documents that are 6-12 months old will arouse suspicion from the university and visa office. 

  3. Financial documents must be in English or include an official English translation.

  4. The amount evidenced must be equal or greater than the requirements set out by the government or university guidelines. It’s always best to evidence more funds than required. 

  5. Financial documents will need to be in a liquid form. Producing life insurance documents, gold deposits, share certificates and bonds can lead to questioning from an immigration official.

Financial Evidence Required

Academic Institutions in the United States require varying amounts of financial proof depending on the cost of living associated in that state / city. Students pursuing an education in the United States need to provide financial evidence to cover the following:  

  • At least one year of tuition fees and identify the source of income for future payments. 

  • 1 year cost of living / maintenance.  

  • Financial support for dependants whilst in the United States if applicable.

Students can deduct the scholarship and / or deposit amount paid towards their tuition fee as part of their financial evidence. 

I hope you found the information on our Study in the United States page useful. StudyOverseasNow.com are study abroad education agents that specialize in providing expert advice throughout the consultation and application process. If you would like to Study in the United States and hope to secure a significant scholarship or study grant at a US university book a FREE Consultation with an experienced education & career counsellor to find out what overseas study options are available. We look forward to helping you start your journey to a brighter future.

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