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F-1 Finances

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Student and Sponsor Responsibilities

When you apply to come to the U.S., you are required to provide verification of financial support for your first year so that you will have sufficient financial resources; the required amount is found on your Form I-20 or here.

These funds may come from any dependable source(s), including scholarships, fellowships, sponsoring agencies, personal funds and funds from your family.

While it is possible, after receiving approval, for you to be employed to provide some funds, your sponsor still bears primary responsibility for your financial support. International Services does not provide a list of potential sponsors.


    Proof of Finances   

What is "Proof of Financial Support"?

  • USCIS requires that you document sufficient funding to meet your educational and living expenses at least for the first year of study and credible evidence of the source of funds for the remainder of your studies.

  • These funds may come from any dependable source(s), including scholarships, fellowships, sponsoring agencies, personal funds and funds from your family.

When do I need to provide proof of support?

You will be required to provide verification of financial support whenever you receive a new Form I-20 for the following reasons, providing that your last proof of finances is more than three months old:

  • Change of sponsor
  • Change of status
  • Addition or deletion of dependent(s)
  • Extension of program of study
  • Initial entry
  • Significant change in school expenses

How much money do I need to document?

The required minimum amount to be documented is the estimate of school expenses for one academic year (eight months); it is listed as Item 7 of your Form I-20.

How do I provide proof of or document my financial support?

  • Obtain copies of documents showing the assets of you and your sponsor which equal the minimum required amount. These might include any of the following:
    • Bank records
    • Tax records
    • Stock certificates and evidence of the worth of the stock
    • Certifications for scholarships, fellowships, assistantships or other on-campus employment
    • Form I-134, Affidavit of Support
  • Provide the appropriate documentation to International Services when you make application for the situations listed in "When do I need to provide proof of support?" above.


  Scholarships and Resources 

You may apply for BYU scholarships, BYU loans, and BYU graduate awards; however, U.S. government Pell Grants, Stafford Loans, and most need-based scholarships are available only to U.S. citizens and permanent residents.

Scholarships

  • scholarship_money.jpg International Services: There are only two available department scholarships: click on title below for details.
    • Celebration of Freedom Scholarship
      AWARD:
      One or two semesters—Amount varies
      Selection Criteria:
      1. Citizenship in an Eastern Bloc country
      2. Admitted BYU F-1 international student
      3. Academic standing
      4. Economic need
      Application Deadline:   May 1
      To Apply:
      1. Complete the application
      2. Submit the application by May 1 to:
        International Services
        1351 WSC
        Brigham Young University
        Provo, UT 84602
      IMPORTANT NOTES: You are responsible to see that all required information is received by International Services prior to the May 1st deadline.

      You must have Acrobat Reader Version 7 or later installed on your computer in order to use computer keyboard-fillable and e-mail-submission features.

      APPLICATION FORM INSTRUCTIONS  Please Read
      1. Open Celebration of Freedom Scholarship Application (PDF document)
      2. Simply use your computer keyboard to fill in each blank
      3. Use your TAB key to move from blank to blank
      4. Press the Submit button when complete
      5. Carefully follow the instructions (You will have to save the file and then attach it if you use a Web-based E-mail program like Hotmail and do not have a computer-resident mail program such as Outlook™.)

      OR if you prefer, you may obtain an application in our office, complete it there, and leave it for processing.


    • Latin American Scholarship
      AWARD:
      One or two semesters—Amount varies
      Selection Criteria:
      1. Admitted BYU international student of Latin-American descent
      2. Economic necessity
      3. Leadership experience
      4. Academic standing
      Application Deadline:   March 1
      To Apply:
      1. Complete the application
      2. Submit the application by March 1 to:
        International Services
        1351 WSC
        Brigham Young University
        Provo, UT 84602
      3. Have your bishop or other ecclesiastical leader submit a letter of recommendation to International Services by March 1.
      IMPORTANT NOTES: You are responsible to see that all required information is received by International Services prior to the March 1st deadline.

      You must have Acrobat Reader Version 7 or later installed on your computer in order to use computer keyboard-fillable and e-mail-submission features.

      APPLICATION FORM INSTRUCTIONS  Please Read
      1. Open Latin American Scholarship Application (PDF document)
      2. Simply use your computer keyboard to fill in each blank
      3. Use your TAB key to move from blank to blank
      4. Press the Submit button when complete
      5. Carefully follow the instructions (You will have to save the file and then attach it if you use a Web-based E-mail program like Hotmail and do not have a computer-resident mail program such as Outlook™.)








      OR if you prefer, you may obtain an application in our office, complete it there, and leave it for processing.

  • BYU scholarships and BYU graduate awards
  • International Need-Based Grant for undergraduate F-1s only—Applicant must have earned at least 24 BYU credit hours, be in good academic standing, and be able to document financial need. Application is made by completing the BYU General Scholarship Application form accessed through Route Y. Apply Now
  • Office of Prestigious Scholarships: Campus scholarships, fellowships, internships and other opportunities

Other Resources

  • Short and Long-term Loans—You must be employed on campus in order to be eligible for a BYU short-term loan. The only long-term loans available are from the Graduate Marriott School of Management or the J. Ruben Clark Law School, and both require an application and approval.
  • Temporary Emergency Loans—For emergencies, International Services provides loans of up to $100 for up to 30 days. Come to our office to apply.
  • Workshops—The Counseling and Career Center offers workshops on budgeting. Financial Services provides information regarding loans.
 
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