International students who are or will be on F-1 visa status are required to show proof of adequate funding for at least one year before an I-20 form can be issued. Financial requirements are calculated on the basis of tuition and fees (for two semesters), living expenses ($1000/month) and miscellaneous expenses ($1,000). An additional $7,000 will be added for accompanying spouses and children. Students must submit the Financial Certification Form along with appropriate attachments.
The following documents are accepted as financial certification:
A current (less than six months old) bank statement or certification from another legal financial institution, along with an official letter (affidavit of support) from the sponsor. The letter should include the student’s name, sponsor’s name, sponsor’s relationship to the student (parent, sister, friend, etc.), the amount of support and the time period for which it will be provided, and a stated willingness to cover the student’s expenses.
Written confirmation from the sponsoring institution of a scholarship, fellowship, assistantship or other type of funding.
In the case of personal funds, a bank statement (or statement from any other legal financial institution) that includes the student’s name and the amount available. Please note that photocopies and statements more than six months old are not acceptable. Financial certifications must be received by the University by the posted deadline, which is usually October 15 for the spring semester, May 15 for the fall semester. If you need further information on Shepherd’s tuition and fees, please contact the Business Office.