Required Proof of Funding for I-20

International students must provide financial evidence showing that they or a sponsor have sufficient funds to cover the cost of attendance for at least one year of study at Maryville College before we can issue the Certificate of Eligibility for Non-Immigrant Student Status (I-20).  The I-20 is the form you will use to apply for a U.S. student visa.

Most students need to show from $32,500 to $43,000 in available funding depending on scholarship amount per year. To see US dollar conversion to your own currency please use the following link: https://www.xe.com/currencyconverter/

Financial Documents/Proof of Funding Include:

• Personal funds: Bank statements in your name showing balance of account
• Loan certificates/letters (must indicate your name and the amount of approved loan
• Private sponsors, including parents (must show both of the following): 
  • Sponsor’s bank or other financial statements
  • PLEASE NOTE: We need a letter indicating
    1. the relationship between you and the sponsor(s),
    2. the amount of support and length of support.
    3. As an alternative to the sponsor letter, you may submit the Guarantee of Financial Support along with the sponsor’s bank statements (Download Financial Sponsorship Form).
  • If you are submitting financial documents from a company, there has to be proof that the sponsor has the ability to use those funds for the purposes of your study, and there must be a documented connection between your sponsor and the company (e.g. their name on the company statements)

Bank/Financial Statement Guidelines:

• DO NOT submit long statements that include transaction history.
• Showing bank/financial statements from multiple accounts is acceptable
• The bank statement should be a single page document that meets the following criteria:
  • printed on the bank’s official letterhead
  • state the financial institution’s name
  • indicate the account holder’s name
  • clearly show the account balance and currency
  • be dated within the past 3 months (older statements will not be accepted),
  • be translated into English (especially names) unofficial translations are accepted
  • be from statements that show liquid assets that can be converted to cash

IMPORTANT: The following types of funding are NOT accepted:

• Documents older than 3 months
• Income or salary statements
• Funds that are not immediately accessible
• Assets that are not in liquidated form (house, car, etc.)
• Life insurance policy statements
• Pension funds
• Tax return forms or documents