{"id":4739,"date":"2025-04-14T08:48:41","date_gmt":"2025-04-14T15:48:41","guid":{"rendered":"https:\/\/laverne.edu\/issa\/?page_id=4739"},"modified":"2025-05-01T14:16:34","modified_gmt":"2025-05-01T21:16:34","slug":"financial-documents-proof-of-funding-requirements","status":"publish","type":"page","link":"https:\/\/laverne.edu\/issa\/financial-documents-proof-of-funding-requirements\/","title":{"rendered":"Financial Documents &amp; Proof of Funding Requirements"},"content":{"rendered":"<h3 style=\"font-weight: 400\"><strong>Required Documents<\/strong><\/h3>\n<p style=\"font-weight: 400\">Documents related to the I-20 process are not required for admission to the University of La&nbsp;Verne. Applicants may submit their I-20-related documents at any time during the application process. However, these documents will only be reviewed after an admission decision has been made.<\/p>\n<p style=\"font-weight: 400\">The Office of International Services and Study Abroad (ISSA) must confirm, evaluate, and process all required financial documentation before issuing the I-20 Certificate of Eligibility (<a href=\"https:\/\/studyinthestates.dhs.gov\/students\/prepare\/students-and-the-form-i-20\" data-outlook-id=\"71fb4fab-f302-45a5-93cd-1e9ad8da9fe8\">Study in the States &#8211; Form I-20<\/a>).<\/p>\n<h5 style=\"font-weight: 400\"><strong>Important Notes About Actual Expenses<\/strong><\/h5>\n<ul style=\"font-weight: 400\">\n<li>Some graduate programs have higher credit hour requirements and tuition rates.<\/li>\n<li>The estimated costs are based on full-time enrollment and are subject to change.<\/li>\n<li>Please check with your academic department for current tuition rates and fees.<\/li>\n<li>You may also check current tuition rates on the University of La&nbsp;Verne\u2019s official website: <a href=\"https:\/\/laverne.edu\/tuition\" data-outlook-id=\"d0c988b7-40b0-4ddb-8485-c54cedac4d61\">laverne.edu\/tuition<\/a>.<\/li>\n<li>Actual expenses may vary depending on individual spending habits.<\/li>\n<li>The estimated cost for room and board is based on on-campus housing.<\/li>\n<li>Students living off-campus may experience higher living costs.<\/li>\n<\/ul>\n<h5 style=\"font-weight: 400\"><strong>Financial Documents &amp; Proof of Funding Requirements<\/strong><\/h5>\n<p style=\"font-weight: 400\">To qualify for an I-20, students must provide documentation proving sufficient financial resources to cover tuition, living expenses, and other required costs for at least one academic year.<\/p>\n<h5 style=\"font-weight: 400\"><strong>General Requirements for Financial Documents<\/strong><\/h5>\n<p style=\"font-weight: 400\">All financial documents must:<\/p>\n<ul style=\"font-weight: 400\">\n<li>Be official bank statements or letters from a financial institution.<\/li>\n<li>Clearly state the account holder\u2019s name, account type, and available balance in liquid assets.<\/li>\n<li>Be issued within the last six months to be considered valid.<\/li>\n<li>Be in English or include an informal translation.<\/li>\n<li>Bank statements in U.S. dollars are recommended.<\/li>\n<li>Show funds that are readily accessible.<\/li>\n<li>Funding must be greater than or equal to the annual estimated expense.<\/li>\n<li>Consider currency fluctuations when determining the amount of funds to show\u2014insufficient funds at the time of I-20 issuance may delay processing.<\/li>\n<li>Funds must be available for your studies by the first day of classes.<\/li>\n<li>If you plan to bring dependents (spouse or children), you must demonstrate an additional $6,000 per dependent per year in financial support.<\/li>\n<\/ul>\n<p style=\"font-weight: 400\">A Sponsor Affidavit Form must be submitted for all sources of funding, including personal funds. If a student is self-sponsoring, they must complete and submit the form themselves<\/p>\n<h5 style=\"font-weight: 400\"><strong>Acceptable Funding Sources<\/strong><\/h5>\n<ol>\n<li style=\"font-weight: 400\"><strong> Personal Funds<\/strong><\/li>\n<\/ol>\n<ul style=\"font-weight: 400\">\n<li>Official bank statement or letter on bank letterhead in the student\u2019s name.<\/li>\n<li>Must meet or exceed the estimated cost of attendance.<\/li>\n<li>Multiple accounts are accepted if the total balance meets financial requirements.<\/li>\n<li>Time\/fixed\/term deposits or government bonds that are available for withdrawal at any time.<\/li>\n<li>A Sponsor Affidavit Form must be completed by the sponsor, regardless of the funding source. If the student is self-sponsoring, they must complete and submit the form themselves..<\/li>\n<\/ul>\n<ol start=\"2\">\n<li style=\"font-weight: 400\"><strong> Private Sponsors (Family, Relatives, or Others)<\/strong><\/li>\n<\/ol>\n<ul style=\"font-weight: 400\">\n<li>Sponsor\u2019s official bank statement or letter meeting the same criteria as personal funds.<\/li>\n<li>A signed Sponsor Affidavit Form (completed by the sponsor) confirming the relationship and financial commitment.<\/li>\n<li>Each sponsor must submit a separate affidavit and financial documentation.<\/li>\n<\/ul>\n<ol start=\"3\">\n<li style=\"font-weight: 400\"><strong> Business Sponsorships<\/strong><\/li>\n<\/ol>\n<ul style=\"font-weight: 400\">\n<li>Recent business bank statement or official bank letter showing sufficient funds.<\/li>\n<li>Articles of Incorporation or Business Registration verifying ownership.<\/li>\n<li>A signed Sponsor Affidavit Form (completed by the sponsor) confirming the relationship and financial commitment. If the sponsor is a business, each business owner listed on the Articles of Incorporation must complete and submit the form.<\/li>\n<\/ul>\n<ol start=\"4\">\n<li style=\"font-weight: 400\"><strong> Government or Institutional Sponsorships (if applicable)<\/strong><\/li>\n<\/ol>\n<ul style=\"font-weight: 400\">\n<li>An official sponsorship letter on letterhead, signed by an authorized representative, specifying:\n<ul>\n<li>Student\u2019s name.<\/li>\n<li>Amount covered.<\/li>\n<li>Sponsorship duration and any conditions.<\/li>\n<\/ul>\n<\/li>\n<li>If the sponsorship does not cover the full amount, additional personal or sponsor financial documents meeting standard requirements may be required.<\/li>\n<\/ul>\n<ol start=\"5\">\n<li style=\"font-weight: 400\"><strong> University of La&nbsp;Verne Scholarships (if applicable)<\/strong><\/li>\n<\/ol>\n<ul style=\"font-weight: 400\">\n<li>Scholarships awarded by the University of La&nbsp;Verne (e.g., Leo Scholarship, athletic scholarships, etc.).<\/li>\n<li>The official scholarship award letter must be submitted as proof of funding.<\/li>\n<li>If the scholarship does not cover the full cost of attendance, additional financial documentation must be provided.<\/li>\n<\/ul>\n<ol start=\"6\">\n<li style=\"font-weight: 400\"><strong> Approved Loans (if applicable)<\/strong><\/li>\n<\/ol>\n<ul style=\"font-weight: 400\">\n<li>Loan approval letter from a recognized financial institution.<\/li>\n<li>Must clearly state the approved loan amount and that it is designated for educational purposes.<\/li>\n<li>Pre-approved or conditional loans are only accepted if final approval is documented.<\/li>\n<li>A Sponsor Affidavit Form (completed by the student) is required.<\/li>\n<\/ul>\n<h5 style=\"font-weight: 400\"><strong>Unacceptable Funding Sources<\/strong><\/h5>\n<p style=\"font-weight: 400\">The following types of financial documents are not accepted:<\/p>\n<ul style=\"font-weight: 400\">\n<li>Documents older than six months.<\/li>\n<li>Income or salary statements.<\/li>\n<li>Non-liquid assets (e.g., property, vehicles, investments).<\/li>\n<li>Life insurance policies, pension funds, or tax returns.<\/li>\n<li>Credit card statements or fixed deposits that are not readily accessible.<\/li>\n<\/ul>\n<h5 style=\"font-weight: 400\"><strong>Next Steps &amp; Contact Information<\/strong><\/h5>\n<p style=\"font-weight: 400\">For any questions regarding financial documentation or sponsorship requirements, please contact ISSA at<strong> <a href=\"mailto:Intern&#97;&#116;io&#110;a&#108;&#64;&#108;&#97;ve&#114;n&#101;.e&#100;u\">&#73;nt&#101;&#114;&#110;a&#116;&#105;o&#110;&#97;l&#64;&#108;&#97;&#118;&#101;&#114;ne&#46;&#101;&#100;&#117;<\/a>.<\/strong><\/p>\n<p style=\"font-weight: 400\">Ensure that your financial documents meet all outlined criteria before submission to avoid delays in processing your I-20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Required Documents Documents related to the I-20 process are not required for admission to the University of La&nbsp;Verne. Applicants may submit their I-20-related documents at any time during the application [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-4739","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial Documents &amp; Proof of Funding Requirements | University of La Verne<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/laverne.edu\/issa\/financial-documents-proof-of-funding-requirements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Documents &amp; Proof of Funding Requirements\" \/>\n<meta property=\"og:description\" content=\"Required Documents Documents related to the I-20 process are not required for admission to the University of La&nbsp;Verne. 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