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

Fall and Spring (Two Semesters)
Fall or Spring (One Semester)
Fall/Spring Plus Summer
Summer Only
Fall and Spring Plus Summer

Breakdown of Expenses

Breakdown of expenses for a graduate student for fall and spring semesters (both semesters).
Expense	Amount
Tuition & Fees	$18,397
Room & Board	$12,048
Other Expenses	$8,292
Total	$38,737

Breakdown of Expenses

Breakdown of expenses for a graduate student for spring or fall semester (single semester).
Expense	Amount
Tuition & Fees	$9,198
Room & Board	$6,024
Other Expenses	$4,146
Total	$19,368

Breakdown of Expenses

Breakdown of expenses for a graduate student during the fall/spring plus summer
Expense	Amount
Tuition & Fees	$15,354
Room & Board	$10,040
Other Expenses	$6,910
Total	$32,304

Breakdown of Expenses

Breakdown of expenses for a graduate student during Summer only
Expense	Amount
Tuition & Fees	$6,156
Room & Board	$4,016
Other Expenses	$2,764
Total	$12,936

Breakdown of Expenses

Breakdown of expenses for a graduate student during Fall and Spring Plus Summer
Expense	Amount
Tuition & Fees	$24,553
Room & 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)
Fall or Spring (One Semester)
Fall/Spring Plus Summer
Summer Only
Fall and Spring Plus Summer

Breakdown of Expenses

Breakdown of expenses for a graduate student with an assistantship during the fall and spring semesters (both semesters)
Expense	Amount
Tuition	$0 ($15,800 tuition covered by Assistantship)
Fees	$2,394 ($204 of fees covered by Assistantship)
Room & Board	$12,048
Other Expenses	$8,292
Total	$22,734 (minus the monthly stipend for the same time period)

Breakdown of Expenses

Breakdown of expenses for a graduate student with assistantship during the fall or spring semesters (single semester)
Expense	Amount
Tuition	$0 ($7,900 tuition covered by Assistantship)
Fees	$1,197 ($102 of fees covered by Assistantship)
Room & Board	$6,024
Other Expenses	$4,146
Total	$11,367 (minus the monthly stipend for the same time period)

Breakdown of Expenses

Breakdown of expenses for a graduate student with assistantship during the fall/spring plus summer
Expense	Amount
Tuition	$0 ($13,167 tuition covered by Assistantship)
Fees	$2,087 ($102 of fees for Spring covered by Assistantship)
Room & Board	$10,040
Other Expenses	$6,910
Total	$19,037 (minus the monthly stipend for the same time period)

Breakdown of Expenses

Breakdown of expenses for a graduate student with assistantship during Summer only
Expense	Amount
Tuition	$0 ($5,267 tuition covered by Assistantship)
Fees	$890
Room & Board	$4,016
Other Expenses	$2,764
Total	$7,670 (minus the monthly stipend for the same time period)

Breakdown of Expenses

Breakdown of expenses for a graduate student with assistantship during Fall and Spring Plus Summer
Expense	Amount
Tuition	$0 ($21,067 tuition covered by Assistantship)
Fees	$3,284 ($204 of fees covered by Assistantship)
Room & 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)
Fall or Spring (One Semester)
Fall/Spring Plus Summer
Summer Only
Fall and Spring Plus Summer

Breakdown of Expenses

Breakdown of expenses for an undergraduate student living on-campus during the fall and spring semesters (both semesters)
Expense	Amount
Tuition & Fees	$22,582
Room & Board	$11,584
Other Expenses	$6,704
Total	$40,870

Breakdown of Expenses

Breakdown of expenses for an undergraduate student living on-campus during the fall or spring semesters (single semester)
Expense	Amount
Tuition & Fees	$11,291
Room & Board	$5,792
Other Expenses	$3,352
Total	$20,435

Breakdown of Expenses

Breakdown of expenses for an undergraduate student living on-campus during the fall/spring plus summer
Expense	Amount
Tuition & Fees	$17,007
Room & Board	$9,653
Other Expenses	$5,587
Total	$32,247

Breakdown of Expenses

Breakdown of expenses for an undergraduate student living on-campus during Summer only
Expense	Amount
Tuition & Fees	$5,716
Room & Board	$3,861
Other Expenses	$2,235
Total	$11,812

Breakdown of Expenses

Breakdown of expenses for an undergraduate student living on-campus during Fall and Spring Plus Summer.
Expense	Amount
Tuition & Fees	$28,298
Room & 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)
Fall or Spring (One Semester)
Fall/Spring Plus Summer
Summer Only
Fall and Spring Plus Summer

Breakdown of Expenses

Breakdown of expenses for an undergraduate living off-campus during the fall and spring semesters (both semesters)
Expense	Amount
Tuition & Fees	$22,582
Room & Board	$12,048
Other Expenses	$8,292
Total	$42,922

Breakdown of Expenses

Breakdown of expenses for an undergraduate living off-campus during the fall or spring semesters (single semester)
Expense	Amount
Tuition & Fees	$11,291
Room & Board	$6,024
Other Expenses	$4,146
Total	$21,461

Breakdown of Expenses

Breakdown of expenses for an undergraduate living off-campus during the fall/spring plus summer
Expense	Amount
Tuition & Fees	$17,007
Room & Board	$10,040
Other Expenses	$6,910
Total	$33,957

Breakdown of Expenses

Breakdown of expenses for an undergraduate living off-campus during Summer only
Expense	Amount
Tuition & Fees	$5,716
Room & Board	$4,016
Other Expenses	$2,764
Total	$12,496

Breakdown of Expenses

Breakdown of expenses for an undergraduate living off-campus during Fall and Spring Plus Summer
Expense	Amount
Tuition & Fees	$28,298
Room & 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.

Breakdown of F-2 Dependents Monthly Costs
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