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​​​Evidence of Funding

Before the Glavin Office can issue you a Form I-20 (for F-1 status) or a Form DS-2019 (for J-1 status) you must demonstrate sufficient funding that covers the cost of your studies​ at Babson.  

New F-1 Students:  Funding equal to the total expenses (including living expenses) for one year of study at Babson must be demonstrated. Note: we must be reasonably assured that funding will continue duration of your studies at Babson.  

New J-1 Students & Scholars:  Funding equal to the total expenses for their entire program of stay at Babson must be demonstrated.

Students Requesting an Extension of​ their F-1/J-1 Status:  Funding to cover expenses for the extended period of time must be demonstrated.  If you are unsure how much funding to show, email isss@babson.edu.

Dependent Expenses: If you will be accompanied in the U.S. by a spouse or child(ren) in F-2/J-2 dependent immigration status, you must demonstrate additional funding to cover their expenses in the U.S. (click here for details).

The Glavin Office will accept these documents:

  • Bank statement/letter* (see specifications below)
  • Scholarship/award letter from Babson
  • Scholarship letter from your home country school or government
  • Sponsorship/award letter from a company
  • Approved loan documents

All documents provided must be in English and must verify the amount of liquid funds (money that can be withdrawn at any time without restriction) available to cover your studies in the U.S. 

* Bank statement/letter must include:

  • Date (issued within the past six months)
  • Name of the bank account holder** 

     Click here for a sample Bank Letter (pdf)

** If the bank account holder is not the student:

  • A sponsor statement from the bank account holder must be provided to verify that these funds are available for the student’s study in the U.S.

    ​Click here for a sample Sponsor Statement (pdf)

Applying for an F/J visa?

Be prepared to present all of the documents above to the  U.S. consulate/embassy to which you are applying. Consult the consulate/ embassy website for any additional requirements regarding funding documentation.

If you have any questions about funding documentation, please email isss@babson.edu.