Financial Support Information

For Issuance of Form I-20 or DS-2019

PLEASE READ THIS INFORMATION CAREFULLY. FAILURE TO FOLLOW INSTRUCTIONS WILL DELAY PROCESSING YOUR
IMMIGRATION DOCUMENT.

If you need an I-20 or DS-2019, the University of Michigan is required by U.S. government regulations to obtain documentation proving that you
have adequate financial resources for your expenses and the expenses of your dependents. You are required to certify the availability of sufficient
funds in the form of bank statements, proof of support from a sponsor, or loan documentation.

Bank statements/funding sources you provide Ross for your I-20 / DS-2019 application must be the same documentation you bring to your visa
interview. The average visa interview is five minutes per person, so the more consolidated your bank statements are and the fewer funding
sources you provide, the smoother your visa interview will go.

Requirements for Documentation of Funds:

• All documents must be in English. If not, an official English translation, done by a certified translator, must accompany the original.
• All supporting documentation must be current.

Proof of Support documents that are ACCEPTED:

(see Sample Funding Documents pdf in your I-20 application folder for examples of the following documents)

Individual / Family Funds

• Financial Account Statement(s)
o Most recent official consolidated/summary bank statement must be no older than 90 days and include the following:
▪ Bank information (logo and contact information)
▪ Statement Date
▪ Account holder name(s)
▪ Type of account (checking, savings, certificate of deposit)
▪ Maturity date for certificate of deposits (prior to the Program Start Date listed on your Proof of Funding)
▪ Type of Currency
o Bank website screen images will not be accepted. Documentation must be downloadable PDFs of electronic statements or
scanned images of official statements.
• Loan documentation must include the following:
o Official loan approval letter (final, conditional, pre-approved, or sanctioned letters)
o Amount of loan and currency type
o If disbursement dates are noted, only funds available prior to the Program Start Date listed on your Proof of Funding will be
considered.
o Loans are considered Personal Funds and should be included on your affidavit as such
• Affidavit of Financial Support from each individual contributing to your education, including yourself.
o Each individual of jointly held accounts or co-signers on loans must each complete an Affidavit of Financial Support for the
same amount.
Financial support from Government/Organization/Employer sponsor
• A detailed letter from the sponsor indicating the exact dollar amount being provided, in U.S. funds. This letter must be dated, on
official letterhead and include the dates of sponsorship.

Documents that are NOT ACCEPTED:

• “Screenshots” or “print-outs” of a web page with bank and account information

• Assets such as stocks, bonds, equities, retirement accounts, or other investment accounts
o Funds or accounts that are not readily marketable or able to be liquefied today
• Statements verifying employment and salary
• Insurance premiums and policies
• Property or personal assets (automobiles, land, buildings, jewelry, etc.)
• Lines of credit
• Income tax returns
• Attestations stating only that a sponsor can meet the expenses without providing accompanying bank statement

2/2023