Required Financial Documentation
If you are in need of an LSU SEVIS Form (I-20 or DS-2019) for the F-1 or J-1 student status, you will be required to submit Proof of Funding (Affidavit of Support) proving you have the financial means to support yourself for a full academic year, including tuition, fees, and living expenses. Your financial documents are not related to your admission decision. However, ISO cannot issue you a Certificate of Eligibility until you have provided sufficient evidence of financial support. We encourage you to submit your Affidavit as soon as possible. Although proof of funding is required for only the first year, you are expected to fund your studies for the duration of your program. When adding up your expenses, remember that you should not look to employment as a means of support. Not only do you need authorization before you can start a job, you are limited in the number of hours you can work.
How can I estimate my expenses?
We have generated an estimate of typical expenses that you can use for planning.
What types of proof are acceptable?
When gathering your financial documentation, please keep the following items in mind:
- If possible, you should include a bank letter or bank statements.
- You must submit only legible financial documentation. This should be in English (or officially translated into English).
- You may be asked to submit original documents.
- You must provide the specific amount and currency of available funds, if not in U.S. Dollars.
- You must submit documentation from the 12 months preceding the time you intend to enroll.
- If the available sponsored funds do not completely cover your incurred costs, you will be responsible for all additional expenses associated with your stay in the United States.
Acceptable types of Proof of Funding
- Bank statements
- Cash deposits, certificates of deposit, savings accounts
- Investment statements
- Include clear evidence of the funds' liquidity and the cash surrender value
- Business bank statements
- Must be accompanied by a letter on company or bank letterhead stating the financial guarantor has signatory authority on the referenced account
- Scholarship letters
- Must include details of award including the value, effective date and duration
- Bank loans
- Government funding
Unacceptable types of Proof of Funding
- Chartered accountant statements
- Payroll reports/expected income
- Tax statements
- Property assessments
- Statements regarding property, jewelry, cars, and other non-liquid assets
- Bank statements lacking currency amounts
- Insurance policies
- Other statements of non-liquid assets
- Business named bank account without signatory verification
- Lines of credit
How do I submit my Proof of Funding?
Once you have researched your estimated expense and collected your financial documents, you will need to fill out an Affidavit of Support. This form needs to be completed and returned to email@example.com.