Proof of Finances
For certain ISSS applications, F-1 and J-1 students must submit proof of finances along with supporting financial documentation as evidence that they can pay for their educational and living expenses, just as they had to provide Admissions with similar proof in order to receive their initial I-20 or DS-2019.
-
Acceptable Financial Documents
ONLY THE FOLLOWING DOCUMENT TYPES WILL BE ACCEPTED AS PROOF OF FINANCES:
- Bank Letter
- Bank Statement
- Certificate of Deposit Statement (maturity date MUST be prior to the start of the admitted term)
- Line of Credit Letter
- Official Award Letter
- Sponsorship Letter and Bank Statement from business
- Loan Approval Letter
- GA Offer Letter
-
Funding Source Documentation Requirements:
- Only acceptable forms of documentation are permitted.
- All sources must be readily available funds. Frozen accounts or credit cards will NOT be accepted.
- Funds can be in any valid currency.
- All letters must be printed on official letterhead from the institution/agency issuing the document and signed.
- All documentation must be dated within 3 months of the date this form is submitted to ISSS.
- Documents can be scanned/imaged originals.
- If documentation is not in English, an official English translation must also be attached.
Estimating Your Expenses
The estimated expenses that appear below are meant to represent an AVERAGE cost for an international student enrolled full-time. Specific personal circumstances will not be taken into account when determining this amount. The proof of finances you must show is based upon the expenses for the average student and NOT on your specific number of credits, housing costs, etc.
J-1 students, please reference the J-1 Proof of Finances form for full details.
Graduate Student
Average expenses are calculated based upon the most current academic year Cost of Attendance Tables established by the ISU Financial Aid Office and the most current Tuition Rate Tables published by Student Accounts.
- Fall and Spring (Two Semesters)
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $18,397 |
| Room and Board | $12,048 |
| Other Expenses | $8,292 |
| Total | $38,737 |
- Fall or Spring (One Semester)
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $9,198 |
| Room and Board | $6,024 |
| Other Expenses | $4,146 |
| Total | $19,368 |
- Fall/Spring Plus Summer
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $15,354 |
| Room and Board | $10,040 |
| Other Expenses | $6,910 |
| Total | $32,304 |
- Summer Only
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $6,156 |
| Room and Board | $4,016 |
| Other Expenses | $2,764 |
| Total | $12,936 |
- Fall and Spring Plus Summer
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $24,553 |
| Room and Board | $16,064 |
| Other Expenses | $11,056 |
| Total | $51,673 |
Graduate Student with Assistantship
Average expenses are calculated based upon the most current academic year Cost of Attendance Tables established by the ISU Financial Aid Office and the most current Tuition Rate Tables published by Student Accounts. Please refer to your GA contract for details regarding which costs are covered and for what time period. You will need to submit a copy of your GA contract when you submit your proof of finances.
In most cases, your GA tuition waiver and stipend will NOT cover your full estimated expenses. To determine how much more funding you will need to show, take the total amount listed from the options below and subtract your stipend for the same time period. Please see the following examples.
-
One Semester Calculation:
Total Estimated Expenses = $11,367
- Monthly Stipend = $1,400 × 4.5 = $6,300 (This value will vary depending on your stipend)
= $5,067 (you will need to show this amount from an additional funding source) -
Two Semester Calculation:
Total Estimated Expenses = $22,734
- Monthly Stipend = $1,400 × 9 = $12,600 (This value will vary depending on your stipend)
= $10,134 (you will need to show this amount from an additional funding source)
- Fall and Spring (Two Semesters)
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition | $0 ($15,800 tuition covered by Assistantship) |
| Fees | $2,394 ($204 of fees covered by Assistantship) |
| Room and Board | $12,048 |
| Other Expenses | $8,292 |
| Total | $22,734 (minus the monthly stipend for the same time period) |
- Fall or Spring (One Semester)
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition | $0 ($7,900 tuition covered by Assistantship) |
| Fees | $1,197 ($102 of fees covered by Assistantship) |
| Room and Board | $6,024 |
| Other Expenses | $4,146 |
| Total | $11,367 (minus the monthly stipend for the same time period) |
- Fall/Spring Plus Summer
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition | $0 ($13,167 tuition covered by Assistantship) |
| Fees | $2,087 ($102 of fees for Spring covered by Assistantship) |
| Room and Board | $10,040 |
| Other Expenses | $6,910 |
| Total | $19,037 (minus the monthly stipend for the same time period) |
- Summer Only
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition | $0 ($5,267 tuition covered by Assistantship) |
| Fees | $890 |
| Room and Board | $4,016 |
| Other Expenses | $2,764 |
| Total | $7,670 (minus the monthly stipend for the same time period) |
- Fall and Spring Plus Summer
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition | $0 ($21,067 tuition covered by Assistantship) |
| Fees | $3,284 ($204 of fees covered by Assistantship) |
| Room and Board | $16,064 |
| Other Expenses | $11,056 |
| Total | $30,404(minus the monthly stipend for the same time period) |
Undergraduate Living On-Campus
Average expenses are calculated based on the most current academic year Cost of Attendance tables established by the ISU Financial Aid Office and the most current Tuition Rate Tables published by Student Accounts.
- Fall and Spring (Two Semesters)
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $22,582 |
| Room and Board | $11,584 |
| Other Expenses | $6,704 |
| Total | $40,870 |
- Fall or Spring (One Semester)
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $11,291 |
| Room and Board | $5,792 |
| Other Expenses | $3,352 |
| Total | $20,435 |
- Fall/Spring Plus Summer
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $17,007 |
| Room and Board | $9,653 |
| Other Expenses | $5,587 |
| Total | $32,247 |
- Summer Only
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $5,716 |
| Room and Board | $3,861 |
| Other Expenses | $2,235 |
| Total | $11,812 |
- Fall and Spring Plus Summer
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $28,298 |
| Room and Board | $15,445 |
| Other Expenses | $8,939 |
| Total | $52,682 |
Undergraduate Living Off-Campus
Average expenses are calculated based on the most current academic year Cost of Attendance tables established by the ISU Financial Aid Office and the most current Tuition Rate Tables published by Student Accounts.
- Fall and Spring (Two Semesters)
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $22,582 |
| Room and Board | $12,048 |
| Other Expenses | $8,292 |
| Total | $42,922 |
- Fall or Spring (One Semester)
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $11,291 |
| Room and Board | $6,024 |
| Other Expenses | $4,146 |
| Total | $21,461 |
- Fall/Spring Plus Summer
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $17,007 |
| Room and Board | $10,040 |
| Other Expenses | $6,910 |
| Total | $33,957 |
- Summer Only
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $5,716 |
| Room and Board | $4,016 |
| Other Expenses | $2,764 |
| Total | $12,496 |
- Fall and Spring Plus Summer
Breakdown of Expenses
| Expense | Amount |
|---|---|
| Tuition and Fees | $28,298 |
| Room and Board | $16,064 |
| Other Expenses | $11,056 |
| Total | $55,418 |
Students with F-2/J-2 Dependents
You must show (in addition to your own personal expenses) that you have adequate funds to support your dependents. To determine your total dependent expenses, take the monthly cost and multiply it by the number of months remaining in your program.
| Household | Costs |
|---|---|
| Spouse | $1,573/month |
| Spouse + Children | $1,573 + $714(per child)/month |
| 1 Child (no spouse) | $2,565/month |
| 2 Children (no spouse) | $3,983/month |
| 3 Children (no spouse) | $5,866/month |
| 4 Children or more (no spouse) | $5,866 + $1,955(per addl child)/month |