After You Apply
Once you are accepted at Indiana University, you will be required to submit documents proving you have the financial means to support yourself for a full calendar year, including tuition, fees, and living expenses.
Your financial documents are not related to your admission decision. However, OIS cannot issue you a visa document until you have provided sufficient evidence of financial support. We encourage you to submit your financial documents as soon as possible. We will be able to finalize your application and process your necessary immigration documents sooner.
OIS cannot issue you a visa document until you have provided sufficient evidence of financial support.
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.
Information about Source of Funding
When gathering your financial documentation, please keep the following items in mind:
- You should include bank statements if at all possible.
- You must submit only legible financial documentation.
- You may be asked to submit original documents at Indiana University's discretion.
- You must provide the specific amount and currency of available funds, though funds on bank statements, etc., do not need to be shown in U.S. dollars.
- You must submit documentation from the 12 months preceding the time you intend to enroll.
Acceptable Evidence of Financial Support
- Bank statements indicating required currency amount in liquid asset form (cash deposits, certificates of deposit, savings accounts)
- Investment statements indicating liquid assets (submissions need to include clear evidence of the funds liquidity and the cash surrender value)
- Scholarship letters
- Lines of credit
- Governmental funding
Unacceptable Financial Documents
- 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
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.
Information about Personal or Family Funding
If full or partial funding is coming from personal sources (for example, family or friends), each person who will provide your financial support must:
- Sign the Declaration of Financial Support form.
- Attach an official bank statement(s). The name on the declaration must match the account holder on the bank statement(s).
Bank statements must be in English. Each bank statement submitted must include the following details:
- The name of your financial supporter. The translated name must be on the original document (not handwritten in).
- The date. Documents must be dated no more than one year (12 months) prior to the date classes begin for the desired term of enrollment.
- The amount of available funds and the type of currency.
Information about Financial Support from a Sponsoring Agency, Government, or Non-IU Scholarship
If you will be receiving support from a scholarship agency, you must attach an official scholarship letter which explains the terms and the amounts of the award. Companies should provide a statement indicating that they have the amount currently available.
Proof of funds usually includes bank statements and/or scholarship letters. Organizations and/or companies providing scholarships or paid study leave for you should provide an award letter outlining the details of the award in U.S. dollar amounts. The letter must contain:
- The name of the student being given the award
- The amount of money available for each year of study including the terms of support (i.e., a breakdown of what the award is intended to cover: tuition, fees, living expenses, dependents, etc.)
- The duration of the award (including beginning and ending dates)
- The degree and major field of study for which the award is available
- Confirmation that the award is applicable for study at Indiana University
All documentation should be dated less than 12 months before the time you intend to enroll.