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.
Total program expenses, as indicated to you when completing the Form I-20/Form DS-2019 Request, may differ from total expenses listed elsewhere in program materials. International travel expenses, health insurance costs or loan fees are all variable expenses. This amount for your program will be printed on your Form I-20/Form DS-2019 and will be used by the U.S. embassy or consular officer to determine if you have adequate documented funding for your program. To avoid processing delays, be sure the funding evidence you provide to ISSS meets the minimum amount for your program, as indicated in the Form I-20/Form DS-2019 Request.
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 email@example.com.
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. Please see J-2 Dependent Employment Authorization for more information.
The Glavin Office will accept these documents (must be in English):
- Bank statements/letters* (see specifications below)
- Scholarship/award letters from Babson
- Scholarship/sponsorship letters from company, organization or government
- Private loan documents, showing approval and loan amount
We are unable to accept documentation of bonds, stocks, investments, credit, income tax, property holdings or payroll/salary.
* Bank statements/letters must:
- Be in English (translations are accepted with original document)
- Include date (issued within the past six months)
- Reflect funds that are readily available (i.e. checking or savings accounts).
- Reference name(s) of the bank account holder(s)**
- Reference name of bank/financial institution
** If the bank account holder(s) is not the student:
- Each bank account holder must provide a sponsor statement to verify that these funds are available for the student’s study in the U.S. This includes parents of students. The sponsor statement must list a specific amount that each individual sponsor will be providing in funding, which may or may not equal the minimum amount of funding needed for the program.
- Sponsors must sign the sponsor statement by hand. Electronic signatures will not be accepted.
Sponsor Statement of Financial Support (pdf)
View example Sponsor Statement (pdf)
View example Bank Letter (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 general questions about funding documentation, please email firstname.lastname@example.org but note that we will only review funding documents when submitted through the Form I-20/Form DS-2019 request.