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Sources of Financial Support

Financial Support can come from any combination of the following sources in the U.S. or abroad:

Personal Savings

A current bank statement signed by a bank official. The statement must indicate the opening date, and the current balance. If the bank statement is from China, funds must be frozen at the time the I-20 is issued.

University Funds

University funds such as a scholarship, assistantship or fellowships.

Funds from "Sponsors" (parents, relatives, friends, organizations)

This would include a signed affidavit (found below) and a bank statement or other documents verifying the amount available. If the bank statement is from China, funds must be frozen at the time the I-20 is issued. Sponsors may provide you with support in the form of cash and/or room and board. You may have as many sponsors as needed.

Bank Loan

A confirmed personal bank loan.

Government/Sponsoring Agency

A copy of a scholarship award letter.


Documentary Evidence Requirements

All documents you give must be:

  • Less than two months old
  • In English
  • Certified copies of all financial statements

**Documents do not have to be in US Dollars ($).  Hofstra will do the conversion for you.