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Financial Guarantee | Proof of Funding

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, 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 regarding their DS-2019. 

  • Students who are admitted to Global Launch should continue to work with Global Launch to receive their I-20.

Acceptable Financial Documents

Personal or Family Funds

Funds must be in a savings or checking account. Other types of funds will be subject to review and additional documentation may be requested.

  • An official letter from a bank or financial institution dated within six months and signed by an authorized representative indicating the account holder’s available funds.
  • A printed statement from a bank or other financial institution will be accepted only if the relevant information (account number, name, address, account balance) is clearly indicated. Must be the most current monthly statement.

If the student is not an account holder of the savings or checking account submitted, a letter signed and dated by the account holder must be submitted along with the bank letter or bank statement. The account holder's letter must state that he/she is responsible for the student’s educational expenses at ASU. Please use this letter template.

ASU Department Funds

  • Research Assistant (RA) or Teaching Assistant (TA)  – Provide an offer letter valid for future semesters/academic year showing the amount of benefits, including but not limited to a tuition waiver, stipend, and health insurance.
  • ASU Fellowship or Scholarship – Provide a letter valid for future semesters/academic year.

If the funding provided by ASU does not cover the required proof of funding amount, proof of additional personal or family funds will need to be submitted to make up the difference.

Government-Sponsored Funds

A financial guarantee letter or financial support letter which is valid for future semesters/academic year will be required.

For more information, please read Financial Guarantee for Sponsored Students.

Additional Information for students with authorized OPT or AT

For individuals requesting a dependent be added to their SEVIS record during an authorized period of Post-Completion Optional Practical Training (OPT) or Post-Completion Academic Training, a signed and dated employer offer letter citing salary amounts sufficient to cover expenses is acceptable.

Funding Requirements

Funds must show at least:

For ASU students at Downtown Phoenix, Polytechnic, Tempe, West

  • $53,335 for graduate students

  • $58,022 for undergraduate students

  Undergraduate Graduate
International Tuition 35,650 30,000
Living Expenses (Room, Board, Transportation, Personal, Books/Supplies) and Mandatory Fees 19,437 20,400
Health Insurance (Fall and Spring/Summer) 2,935 2,935
Total 58,022 53,335


For ASU students at the ASU@Lake Havasu

  • $33,078 for undergraduate students

International Tuition 13,214
Living Expenses (Room, Board, Transportation, Personal, Books/Supplies) and Mandatory Fees 16,929
Health Insurance (Fall and Spring/Summer) 2,935
Total 33,078


Some ASU grad programs have their own FG amounts.

  • Thunderbird MGM ($58,335 USD)

  • Thunderbird Executive Master – Global Affairs and Management (D.C. Location) ($78,878)

  • Thunderbird Executive Master Global Management (Phoenix Location) ($70,255)

  • WP Carey Master’s Business (Accountancy, Taxation, MBA) ($76,800)

  • WP Carey Master’s Business (All Others) ($84,054)

  • Herberger Institute The Design School Master's programs (excluding MSIVD) ($63,335)

  • Herberger Institute MS Innovation and Venture Development ($79,571)

  • Sandra Day O’Conner College of Law (JD and LLM) ($75,397)

  • Sandra Day O’Conner College of Law (MLS and MSLB) ($61,385)

  • Sandra Day O’Conner College of Law (MHREL) ($81,265)

  • LA Masters Cronkite/Herberger- Dig Audience, Narr & Em Media (LA Location) ($67,806)


  • If you have dependent(s), add the amount accordingly:  Spouse - $7,000 | Each Child - $5,000.

    • Students on Active Post-OPT or STEM OPT Extension, or paid Post-Academic Training only need to provide proof of funding showing $7000 for spouses and/or $5000 for each child.

  • Program fees may be added to your I-20/DS-2019 according to your major.

  • Funds must be in U.S. dollars. If in a foreign currency, the financial document must indicate the U.S. dollar equivalency.

  • If the financial documents are not in English, a certified translation of the documents must be submitted along with the original documents.

  • Tuition cost and  living expenses figures are taken from the Financial Assistance website:

  • ASU Insurance cost is provided by ASU Health Insurance.

  • Undergraduate tuition is based on 12 hrs, Graduate is based on 9 hrs.

  • Student-Initiated fees, Graduate Student Support Fee, SEVIS Fee, and Loan fee were added under Living Expenses and Mandatory fees.

  • Room, Board, and living expenses are averaged of the cost for all campuses (except Havasu) and living off-campus.