Proof of Funding
Proof of Funding DocumentationBefore issuing an I-20 or DS-2019, the University is required by law to verify that a student has the funds to cover the cost of his or her academic program. The U.S. Department of Homeland Security mandates that students should be able to demonstrate financial support for an academic school year that includes tuition, housing, health insurance, food, and other expenses. Marymount University does this by asking for documents to show that the funds are currently available for the full cost of the student’s first year of study and certification that funds will be provided for subsequent years.
Marymount University provides an annual calculation of the amount of funding estimated to be required based on the cost of living in the DC metro area. Even if you will not live on campus, or you will have more affordable accommodations, you still need to show the estimated amount to cover living expenses on and around campus.
Students must provide the following in order to demonstrate financial ability to cover their studies in the U.S.:
- Declaration of Finances form certifies the individual(s) who will financially sponsor the student's education and related expenses. The student must complete and sign the form, regardless of their funding source, even if they are receiving sponsorship from a government or other entity. If the student will be financially sponsored by an individual, then the individual sponsor(s) must also complete and sign the form. Note: we do not accept typed names as signatures.
- Proof of Funding to cover the estimated costs (see the Declaration of Finances form for detailed information related to estimated costs). Below is information about funding document requirements and sources of funding that may be accepted.
Funding Document RequirementsEach document must:
- Be presented in English
- Be on letterhead of the agency issuing it, clearly showing:
- Name of account holder(s)
- Total amount available in the account (liquid funds)
- Currency type
- For non-U.S. banks or other issuing agencies, signature or stamp of the issuing agency official (Note: requirement also applies to computer-generated documents even if the document states that no signature is required)
- Date document was issued (must be within 1 year of your program start date)
Sources of Funding AcceptedSee below for types of sources of funding to submit for review.
|We may accept:
|*We reserve the right to refuse documentation and to request additional documentation based on your submission.