Proof of funding

Submitting proof of funding

International students must submit valid proof of funding to the International Students and Scholars Center when requesting certain updates to an I-20 or DS-2019: Extension to the program end date, change of degree level or matriculation, adding a dependent, returning student initial I-20, etc.

Students who are newly admitted to ASU and requesting their initial I-20 should continue to work with Admissions Services to receive their I-20.
J-1 students with sponsors requiring J-1 visas should contact Faculty and Scholar Services at [email protected] regarding their DS-2019.
Students who are admitted to Global Launch should continue to work with Global Launch to receive their I-20.

Financial Document Requirements

All financial documents must:

Be dated within the last 12 months
Be in English or include a certified translation
Include a total available balance that meets or exceeds the amount listed below in the Funding Amount Requirements section.
Include your name in the documentation
- If you are submitting documentation provided by family members/friends/other benefactors and your name is not listed, you must provide an Account Holder Letter filled out by that individual.
Include any necessary supporting documentation as listed below in the Acceptable Types of Financial Documents section.

Important Note: Incomplete or unclear documentation will delay your I-20 processing so please carefully review your documents to ensure it meets all requirements listed. All documentation is subject to review and additional documentation may be requested. All financial documents submitted to the ISSC must be official, accurate, and unaltered. Students should ensure that all financial information provided is genuine and reflects available funding. The ISSC reserves the right to request additional documentation or clarification when necessary to verify financial support. Submission of fraudulent or falsified documents may result in a processing delay, the denial of a request, or further consequences determined by university policy and/or U.S. immigration regulations.

Acceptable Types of Financial Documents

Bank statements/certificates/letters must include the following information:

Official bank letterhead and/or stamp
Account holder name(s)
Summary of the account balance
- We can only accept liquid assets (funds that can ready be spent or accessed without penalty). If it is not clear that the funds listed are liquid upon our review, follow-up documentation will be requested.
- The account transaction history is not required
Type of account
Date of document issue or date of balance
Currency of the account

Note:
If you submit a Business account statement, it must be accompanied by a letter on official letterhead confirming the funds can be used for your educational purposes. The letter must be signed by a company official with authority over the account.

If you submit a Provident account statement, it must be accompanied by a written statement from the financial institution that verified the withdrawable amount for educational purposes.

If you submit a Line of Credit statement, the documentation submitted must specify the borrowing limit.

Deposit documentation must include the following information:

Official bank letterhead and/or stamp
Account holder name(s)
Summary of the account balance
Type of account
Date of document issue or date of balance
Currency of the deposit

Note: We can only accept deposits that have fully matured. If your deposit lists a maturity/term date that is in the future, it must mature before the issuance period of your new I-20.

Assistantship/Fellowship documentation must include the following information:

Date of document issue
Student name
Specific amount for what is being covered (i.e. tuition, health insurance, stipend)

Note: If the Assistantship/Fellowship does not cover the full amount required for I-20 purposes, you must submit additional financial documentation to cover the difference.

Government funding letters must include the following information:

Official sponsor letterhead
Student’s full name
Date of issuance
Date of validity
Degree and major the funding covers
Specific information about what is being covered (all costs such as tuition, fees, cost of living, health insurance, etc. or an amount of the total award)

Note: Government funding letters can vary depending on the specific sponsoring organization. For more information, please refer to the Financial Guarantees for Sponsored Students webpage.

Investment statements must include the following information:

Official bank letterhead and/or stamp
Account holder name(s)
Summary of the account balance
- We can only accept liquid assets (funds that can ready be spent or accessed without penalty)
- The account transaction history is not required
Type of account
Date of document issue or date of balance
Currency of the account

Note: We cannot accept a non-liquid investment portfolio, mutual fund, property investment, and/or equity statement. We can only accept accounts that show cash balances.

Loan letters must include the following information:

Name of borrower
Correct student name and academic program (if listed)
Date of document issue
Terms and conditions of the loan
Loan amount

Note: If you are submitting documentation of a previously sanctioned loan, the documentation must specify the remaining drawing power of the loan (the amount that is yet to be dispersed).

Scholarship letters must include the following information:

Official letterhead
Student’s full name
Award amount
Duration of the award
Degree and major the funding covers

Note: If you have received the New American University Scholar (NAMU) scholarship and provide evidence of that, we must be able to confirm within your MyASU that you will receive disbursements of the scholarship in future semesters. We can only consider the scholarship amount for the academic year in which you are providing financial proof.

Funding Requirements

Funding amounts listed below are based on degree level and ASU campus. They are a set estimated amount based on standard tuition rates, mandatory fees, health insurance, and living expenses for one academic year (two full semesters/9 months).

Your actual costs could be higher or lower depending on your academic program and/or individual circumstances. However, the amounts listed are the required amount that must be shown for I-20 purposes.

Important Notes:

If you have dependent(s), you must add $7,000 for a Spouse and $5,000 per child to the amount listed below.
Students on Active Post-OPT/STEM OPT or Post-Completion Academic training requesting to add a dependent only need to provide proof of funding for their dependents (you do not need to show the full amount listed below).
If you are applying for an I-20 extension for only one semester or are a student that will only have one credit of continuing registration, please refer to the I-20 Extensions section for adjusted proof of funding amounts.

Funds must show at least:

For ASU students at Downtown Phoenix, Polytechnic, Tempe, West Valley, and ASU at Mesa City Center

$70,950 for undergraduate students
$69,132 for graduate students (Master's/Doctoral)

Estimated Costs for ASU students at Downtown Phoenix, Polytechnic, Tempe, West Valley, and ASU at Mesa City Center
Category	Undergraduate	Graduate (Master's/Doctoral)
International Tuition	$43,009	$33,917
Living Expenses (Room, Board, Transportation, Personal, Books/Supplies) and Mandatory Fees	$25,006	$32,280
Health Insurance (Fall and Spring/Summer)	$2,935	$2,935
Total	$70,950	$69,132

Note: If you are applying for a Change of Status to F-1 and are an undergraduate student who qualifies for the Non-Resident Tuition Rate for Arizona High School Graduates, you are only required to submit proof of funding for the adjusted amount of $45,674.

For ASU students at Los Angeles

$76,071 for undergraduate students

Estimated Costs for ASU Students at Los Angeles
Category	Undergraduate
International Tuition	$42,044
Living Expenses (Room, Board, Transportation, Personal, Books/Supplies) and Mandatory Fees	$31,092
Health Insurance (Fall and Spring/Summer)	$2,935
Total	$76,071

I-20 Extensions

If you are an undergraduate or graduate student who is applying for an I-20 extension for only one semester, rather than showing the total amount listed above, you only need to submit proof of funding for half that amount:

$35,475 for undergraduate students for a one semester extension
$34,566 for graduate students (Master's and Doctoral) for a one semester extension

If you are a graduate thesis/dissertation student who will only be enrolled in one credit of continuing registration during your requested extension period, you only need to submit proof of funding for the adjusted amount listed below:

$39,138 for one year extension
$19,569 for one semester extension

Proof of funding

Submitting proof of funding

Financial Document Requirements

Acceptable Types of Financial Documents

Bank Statement/Certificate/Letter

Certificate of Deposit/Fixed Deposit

Department Assistantship/Fellowship (TA/RA/GSA)

Government Funding Letters

Investment Statement

Loan Letter

Scholarship

Funding Requirements

I-20 Extensions