8/13/2019 International Financial Statement Form DANDURU
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Please read the instructions carefully before proceeding.
In order to be issued a certificate for eligibility (form I-20
orDS-2019), international applicants are required to submit
thisform and supporting documentation, showing that they
havesufficient funding for at least one year of full time study
at
Binghamton University.All questions on the ISFS form
must be answered and the form must be signed.
The certificate of eligibility issued by Binghamton
University(I-20 or DS-2019) will reflect all sources of funding
availablefor study, including department or program awards (if
any).You may not enter the United States to begin study, ortransfer
your F-1 or J-1 status from another U.S. school,without this
certificate.
If you are seeking financial support from your academic
department, please note that proof of your own funds
will not deter your department from offering you
funding.Graduate funding does not depend on a studentsfinancial
need; instead, assistantships are awardedcompetitively to the most
academically qualified students.
Some departments and programs provide funding offers thatare
less than the estimated cost of attendance used forimmigration
purposes. In this case, you are required tocertify the difference.
For instance, if you are offered anassistantship equaling $30,000,
and the estimated cost is$36,600, you need to submit a bank
statement for at least$6,600.
Estimated Costs*
Spring and Fall 2014 Amount to Certify
(U.S. dollars)
Graduate applicants $36,600
MBA applicants $38,400PhD Nursing applicants $53,700
Please add $6000 for a dependent spouse and $4000 foreach
dependent child. For example, if you are a ComputerScience
applicant, and you will bring your spouse as adependent, you need
to document $36,600 + $6000 =
$42,600.
*These amounts reflect current tuition, fees, and
estimatedliving expenses. All costs are subject to change each
year. Inthe event of an increase in tuition, fees, or both,
students are
responsible for making payment arrangements for theincreased
amounts. If possible, document 10%-15% more
funds than the minimum required.
Guidelines for Certifying Finances
1. All bank statements, International Student FinancialStatement
(ISFS) forms, letters and other documentsmust be dated within one
year from the month ofexpected admission. If you change your
semester ofadmission, we may need newly dated forms and bank
statements.2. Funds should be equated to U.S. dollars.3. Funds
should be cash assets, such as:
cash in a savings account
stocks or bonds
short-term annuities or certificates of deposit withexpiration
date indicated
4. Cash assets must be verified by submitting bankstatements or
similar statement showing specific dollaramounts. See Sources of
Funds, below.
5. Secondary assets in addition to proof of cash assets:
personal earnings and income
long-term certificates or time deposits
income from personal property
6. All documents must be official, original (notphotocopies) and
signed by the appropriate parties.Provide English translations as
necessary.
Sources of Funds and Required Documents
Personal Savings.Attach an official bank statement.
Family/Relative/Sponsor Funds.Attach a separatebank statement
for each account. Sponsors must signPart IV.B.
Scholarship.Attach an official scholarship letter fromthe
institution awarding your scholarship. The awardletter must contain
your name, the amount of moneyavailable for each year of study, the
duration of theaward (including beginning and ending dates), and
thedegree, major field of study, and name of the campus towhich the
award is applicable.
Government or Employer.Attach an official letter
indicating the amount of support and containing thesame
information as for Scholarship, above.
Loan.Attach an official letter from the lending
institutionindicating approval of your loan and the amount
approved.
Please Note: The University reserves the right to
requireadditional documentation if your country imposes
currency-exchange restrictions or other obstacles to the transfer
offunds. The University will notify you of any suchrequirements
after evaluating your application.
