Guidelines for Submitting Proof of Financial Support

The U.S. government requires that all international applicants must provide proof of ability to pay tuition and living expenses for themselves and their dependents (if applicable) before an I-20, or Certificate of Eligibility for Nonimmigrant Student Status, can be issued.

When requested, applicants must send Proof of Funds documentation to

Acceptable Documents for Proof of Funds

  • Family/personal bank statement (in the form of liquid funds, such as a checking or savings account)
  • Certificates/letters showing loans granted for education purposes (must include your name and amount of loan)
  • Bank letters or solvency certificates from a bank
  • Time/fixed/term deposits or government bonds available for withdrawal at any time
  • Employer, Government, or Organization sponsorships/scholarships

If you are submitting a bank statement in a foreign currency, you must provide the converted funding amount in U.S. dollars. Students are only required to provide proof of funding for one academic year when requesting an I-20.

Proof of Funds Document Requirements

All Proof of Funds documents MUST have:

  • Date of issuance (no earlier than 6 months before the start of your first term at Pardee RAND)
  • Student’s name (or account holder’s name if sponsor is someone other than student)*
  • Official letterhead and signature/stamp of an administrative official (not required for bank statements)
  • Final available balance of individual liquid accounts or solvency amount (clearly show type of currency)
  • Certified, professional translations for all financial documents not issued in English

* If the account holder(s) is someone other than student, include a sponsorship letter OR a confidential statement for financing studies. The letter must state the account holder and student’s name, current date, and relationship between student and sponsor. You may have more than one sponsor or source of funding. Please submit separate affidavit forms for each sponsor.

Documents NOT Accepted

  • Investments in fixed assets such as property, Demat accounts, mortgages, jewelry, residences, automobiles
  • Retirement funds, pensions, life insurance policies
  • Tax returns
  • Salary/Payroll statements
  • Pending or provisional educational loans
  • Accountant portfolio
  • Candidate scholarship letters or scholarship applications
  • Funds that are not immediately accessible/not in liquidated form

If you have questions about submitting your Proof of Funds, please contact us for assistance.