Multiple financial documents can be submitted to combine for a total balance equal to the estimated cost of attendance.

Bank Statement

Please submit a financial statement in English on the financial institution's stationery with the following:

• Name on the account (personal account)
• Type of account (checking, savings or deposit account)
• Amount in the account
  • Acceptable wording of the financial statement is:
  "[Student's name, or mother or father] has been a customer of [Bank Name] for [Number of years].  [He or She] has a bank account balance of [total amount and currency type] in [account type and account number]. This letter has been issued at the request of [name of account holder] for the purpose of supporting the education and living expenses for [his or her] [relationship type] [name of student] for the duration of [his or her] studies in the United States." For the amount needed, refer to your program level on the estimated costs page (BS, MS,PhD, MBA, or ALI). 
  • The statement "The student has the financial ability to pay all fees" does not fulfill the financial statement requirement.
• Date – Financial statement must be dated within 12 months of the intended date of enrollment or time of program change/extension.
• Signature – Statement must be signed by a bank official.
• Stationery – Financial statement must be typed on official financial institution letterhead and include address, email, and telephone number of the bank, preferably within the letterhead.
• Affidavit of Support - All account holders must sign the Financial Support Form OR submit a notarized Affidavit of Support 

Sample Bank Statement

Loan Sanction Letter

Please submit a loan sanction letter in English on the bank/institution's letterhead.  

• Letter - Letter must be sanctioned, "In-Principle" sanctioned, or approved 
• Date - Include date of issuance 
  
• Stationery - Letter must be typed on official financial institution's letterhead and include address, email, and telephone number of the bank, preferably within the letterhead. 
  
• Amount - Principal amount of the loan being given 
  
• Affidavit of Support - All borrowers/co-borrowers must sign the Financial Support Form OR submit a notarized Affidavit of Support 
  

Sample Loan Sanction Letter

Investment Accounts

Investment accounts and provident funds may be accepted. The financial institution should sign the financial institution certification form and provide an account statement that specifies how much is available in liquid funds. 

Certificate of Deposit (CD) Statements

• Name on the account (personal account)
• Type of account 
• Amount in the account
• Date – Financial statement must be dated within 12 months of the intended date of enrollment or time of program change/extension.
• Signature – Statement must be signed by a bank official.
• Stationery – Financial statement must be typed on official financial institution letterhead and include address, email, and telephone number of the bank, preferably within the letterhead.
• Affidavit of Support - All account holders must sign the Financial Support Form OR submit a notarized Affidavit of Support 

Non-Acceptable Financial Documents

• Chartered Accountant Statement
• Employer Letter/Salary Statement
• Stock Market Statement
• Valuation Statement (Jewelry, Gold, Property)
• Non-liquid Investment
• Credit Card Statement
• Real Estate Statement
• Life Insurance Statement
• Tax Return Documents

Sponsored students are on full scholarship from their home government, company, or other sponsoring organization. For their I-20 or DS-2019 to be issued, we require a financial guarantee letter from the sponsor which includes the following information:

• Student’s name
• Beginning semester – must state specific semester (for example, Fall 2017)
• Major to which student was admitted – must state specific degree program (for example: Petroleum Engineering)
• Degree level – must state specific degree level (for example: BS or Bachelor’s)
• Duration of sponsorship
• If English language training is covered
• If insurance is covered
• If the sponsorship covers dependents
• Stipend amounts

Financial guarantee letters should be sent to Sponsored Student Services at iasss@mst.edu. If sponsored students or sponsors have any questions about the financial guarantee, please use the email just mentioned.

Affidavit of support can be done in 2 ways:

1. Complete the financial verification form.
Note: For those not using personal funds, page 2 of the form must be completed and signed by your sponsor.

OR

2. A notarized affidavit of support
Note: The affidavit must include your sponsor name, the length of time and amount of funding of his/her support for your academic program. Also include the relationship between the financial supporter and yourself (for example: uncle, brother, family friend). Please note that the length of time must be worded as “for the duration of his/her studies” (and not a specific length such as one year). This affidavit must be signed by your sponsor(s) and notarized.

Spouses and unmarried children under the age of 21 years old are considered dependents of F-1 or J-1 students. They can be admitted to the United States in F-2/J-2 non-immigrant status.

To add a dependent, include their information on your Financial Support Form and upload to your application status page. You will need to provide:

• Biographical information: Name, Gender, Date of Birth, City and Country of Birth, Country of Citizenship, and Relationship (spouse/child) – all information should match dependent's passport
• Copy of passport for all dependents
• Copy of marriage certificate for you and your spouse (must be in English)
• Copy of birth certificate for each accompanying child (must be in English)
• Financial documentation: An additional $4,000 in financial support for each dependent is required. 

Additional information about dependents is available here.