Required Proof of Funds for I-20

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
    • Letter indicating the relationship between you and the sponsor(s), the amount of support and length of support. 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).

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