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Provide Evidence of Financial Support

Please do not submit financial information at the time of application.

If you will need an F-1 or J-1 visa, the University of Michigan is required by U.S. government regulations to obtain documentation proving that international applicants (non-U.S. Citizens) have adequate financial resources to provide for their expenses and the expenses of dependents, for the duration of their program.

How the Process Works

The Rackham Graduate School will prepare the immigration document separate from the offer of admission. If you are recommended for admission by your respective department and Rackham approves the admission, you will be notified by Rackham to submit the Affidavit of Financial Support for International Students along with the required financial documentation (i.e. bank statements). The admission notification will instruct you to go to Wolverine Access and click the “View I-20 or DS-2019 Status” link where you will obtain the Affidavit of Financial Support for International Students and you will upload the immigration documents. Your financial information will be reviewed upon receipt. If the financial information meets our requirements and you have accepted your offer of admission, we will begin to prepare your immigration document using the U.S. Government SEVIS system. Please do not submit any financial information until requested to do so by Rackham. You will be able to review your immigration information and track the progress of your immigration document on the “View I-20 or DS-2019 Status” link on Wolverine Access. If your offer of admission includes a Graduate Student Assistantship or Fellowship from the program that meets the financial requirements below (and if applicable, the expenses of your dependents), you will need to upload the required passport documents in Wolverine Access.

Financial documents and copies of immigration documents submitted at the time of application are not acceptable.

Requesting an I-20 for an F-1 Visa

If you are requesting an I-20 for an F-1 visa you are required to submit evidence of the availability of $64,250 for your expenses for the first year only, and also indicate source(s) of funding for subsequent years. Subsequent years' funding is indicated by use of a checkbox on the Affidavit of Financial Support which you will receive at the time of admission. An additional bank statement is not required. Tuition, fees and other expenses are subject to change. Plan for an annual increase of 5% to 10% of all costs.

Transferring from a U.S. institution? You must also complete the University of Michigan Transfer-In Form which you obtain by logging into Wolverine Access and clicking the “View I-20 or DS-2019 Status” link. Select “Immigration Document Transfer” in the document drop down list. Submit the completed form with a copy of your current I-20 (pages 1 & 3), a copy of your passport (showing the picture, biographical information and expiration date), Form I-94 (print-out of electronic or copy of paper) and visa. The Transfer-In Form is composed of two sections; Section A to be completed by you and Section B is to be completed by your current/previous International Student Advisor. Also, have your current/previous International Student Advisor release your SEVIS record to the University of Michigan. The University of Michigan cannot issue you the I-20 until your SEVIS record is released.

Requesting a DS-2019 for a J-1 Visa

If you are requesting a DS-2019 for a J-1 visa you must provide financial documents to cover expenses for the duration of your program. Use the estimated amounts below to calculate the total amount you need to certify and provide the required proof of funds. Over 50% of funding must come from sources other than personal funds.

Transferring from a U.S. institution?You must also complete the University of Michigan Transfer-In Form which you obtain by logging into Wolverine Access and click the “View I-20 or DS-2019 Status” link. Select “Immigration Document Transfer” in the document drop down list. Submit the completed form with a copy of your current DS-2019 (page 1) a copy of your passport (showing the picture, biographical information and expiration date), Form I-94 (print-out of electronic or copy of paper) and visa. The Transfer-In Form is composed of two sections; Section A to be completed by you and Section B is to be completed by your current/previous International Student Advisor. Also, have your current/previous International Student Advisor release your SEVIS record to the University of Michigan. The University of Michigan cannot issue you the DS-2019 until your SEVIS record is released.

Deadlines for Submission of Financial Documents

The deadlines for submission of financial documents are May 15 for the fall term and November 15 for the winter term. If documents are not received by these dates, we will begin withdrawing offers of admission. You must include a copy of your current passport (and the passport of each dependent, if applicable) when providing your financial documents. Immigration documents will not be prepared without a copy of the passports.

Estimated Student Expenses

Tuition and fees are subject to change at any time as approved by the Board of Regents. You should plan for an annual increase of 5% to 10% of all costs.

Estimated Student Expenses 2015-2016
(Fall 2015 and Winter 2016 terms only - September 2015 through April 2016)
Tuition and Fees for one academic year$42,449
Living Expenses (housing, food, utilities, transportation, personal items - 12 months)$19,200
Books and supplies (Fall and Winter terms only)$1,200
Mandatory Health Insurance (12 months)$1,401
Total Estimated Expenses$64,250
Estimated Dependent Expenses
(in addition to the above estimated student expenses)
Spouse's living expenses, not including insurance (12 months)$5,400
Each additional dependent's living expenses, not including insurance (12 months)$2,900
Mandatory Health Insurance for student and one dependent (12 months)$5,121
Mandatory Health Insurance for student and more than one dependent (12 months)$8,838

Documentation of Funds

Funds may come from a variety of resources, including personal, government, organization, institution and/or school. Your immigration document will be prepared upon receipt of all completed, signed and dated financial documentation forms. Keep copies of all financial documents to present to the U.S. Consulate when applying for a visa.

Acceptable Documentation of Funds

The following may be used as documentation of funds:

  • Official dated bank statement must be provided.
  • All accounts must be easily accessible and liquid assets.
  • All documents must be in English. Otherwise, an official English translation must accompany the original.
  • All supporting documentation must be dated within one year of initial enrollment. If you are in the U.S., you must provide a current bank statement.
  • Letters of sponsorship must include exact dollar amount of support (in US dollars) and dates of sponsorship.

Indian Provident Funds

Your fund manager must provide terms and conditions for fund disbursement to be reviewed by an admissions officer.

Unacceptable Documentation of Funds

The following may not be used as documentation of funds:

  • Statements verifying employment and salary
  • Insurance premiums and policies
  • Property or personal assets (automobiles, land, buildings, jewelry, etc.)
  • Non-liquid assets such as stocks, bonds, equities, retirement accounts (see Indian Provident Funds above)
  • Income tax returns
  • Attestations stating only that a sponsor can meet the expenses

Total Estimated Expenses

The following means of support may be included to meet the Total Estimated Expenses for one year of study.

Personal Funds from Student

Provide official bank statement in your name, meeting the requirements described above.

Family or Other Individual Funds

Each individual contributing financially to your education must complete the Affidavit of Financial Resources and submit an official dated bank statement. In case of jointly held accounts, each individual holder must complete an Affidavit.

Financial Support from Government, Employer or Organization Sponsor

A detailed letter from the sponsor indicating the exact dollar amount being provided, in US funds. This letter must be on official letterhead and include the dates of sponsorship. The letter must be dated within one year of initial enrollment.

Documents Become the Property of the University of Michigan

All credentials submitted for issuing the immigration document become the property of the University of Michigan and will not be returned in any form.