Financial Documentation Requirements

International students requesting visa sponsorship must demonstrate sufficient funds to cover Stevens’ estimated expenses for the first year of study (F-1 students) or for the entire length of program (J-1 students), as required by the U.S. government. The ability of students to demonstrate that they will not become a public charge or resort to unauthorized employment in the U.S. for financial support is essential. Information about Stevens’ estimated expenses may be found on the Stevens Graduate or Undergraduate Financial Verification Form.

The financial documents submitted to Stevens for the purpose of securing an I-20 (F-1 visa) or a DS-2019 (J-1 visa) will also be required in their original form when applying for a student visa at a U.S. Consulate or Embassy abroad, and when passing through Customs at the U.S. port of entry. At the time of the visa application, students will be required to present evidence of sufficient funds for the first academic year, and at the discretion of the consular officer, may also be asked to demonstrate that equal funding will be made available for every year of study in the United States.

Student applying for a J-1 visa will be expected to present evidence of sufficient funds for the entire length of study.

Financial Documentation Requirements

Acceptable Courses of Funds

Please view the potential sources of funds below that can be accepted by ISSS.

Unacceptable Sources of Funds

ISSS is unable to accept the following financial documentation:

  • Non-liquid funds such as stocks, bonds, life insurance, auto/land deeds, mutual funds, or other investment types

  • Value of neither property nor the proposed sale of such property or property and tax records

  • Business accounts listed in a company or business name unless they meet the requirements. outlined under “Employer” or “Family or Friends” or "Funding from Other Sources."

  • Solvency and opinion statement such as a bank letter that verifies "sufficient financial resources" is not acceptable form of financial support

  • Retirement funds

  • Providence Funds (of any kind)

  • 401K, IRA or similar accounts

  • Passbook or Deposit Receipts

  • Loan applications

  • Personal Property (jewelry, vehicles)

  • Chartered Accountant Statements or other third party evaluations of funds

  • Income Tax Return Forms

  • Salary Letters/Annual Income Letters

Dependents

  • Students who will be requiring an I-20/DS-2019 for a dependent must submit additional proof of financial support to cover each dependent. For information on amounts, see the Graduate or Undergraduate Financial Verification Form. Dependents may self-sponsor, showing proof of funding as described under the Self-funding (Personal Funds) section.