Financial Requirements for International Students
The University of St. Thomas is required by the United States government to examine the financial documentation of F-1 and J-1 students to verify whether their financial support is sufficient to issue an I-20 or DS-2019.
An international student at St. Thomas will need to show official proof of sufficient funds to cover estimated costs including tuition and fees, books and supplies, room and board, health insurance (required by state law) and personal expenses.
Applicants must submit official proof of funds sufficient to cover all expenses for an academic year. All financial documentation must be received before your immigration paperwork can be issued.
Submit Proof of Sufficient Funds
Official proof of funding must meet the following criteria. A photocopy of the financial statement will be accepted if it meets the above requirements. An English translation by an official translating agency may be necessary. If so, please provide this translation along with the documentation you submit.
- Documentation must be less than 3 months old at time of application
- Documentation must either be on original bank letterhead stationery or be stamped by the issuing bank, in ink, with an official bank stamp
- Funds must be liquid assets only and do not need to be in U.S. dollars
Things to note:
- Funds do not need to be in the student's name
- Funding can be from personal funds, funds from the student's family/sponsor, scholarships, fellowships or sponsoring agencies or governments
- If a bank account is not in the student’s name, write the student’s name at the top of the bank statement to ensure timely processing
- Property is not an acceptable source of funding
- The face value of retirement fund accounts and certificates of deposit that will not be mature by the student’s academic start date will be reduced by 40% (due to penalties and/or taxes for early withdrawal)
- The University requires all F-1 and J-1 students to purchase the university’s health insurance plan
- If a student is accompanied by a spouse on an F-2 visa, they must show an additional $6,000/year
- For each child who will accompany a student on an F-2 visa, the student must show an additional $3,000/year
- These amounts do not include the cost of round-trip travel expenses, which students should plan for as a part of their personal finances
Submit all your required documents and any other additional information to: International@stthomas.edu
Contact an International Admissions Counselor
We’re here to help you. That’s our job. So please contact us with any questions – big or small.