To obtain an I-20 form an F-1 or M-1 prospective student
must submit evidence of financial support adequate to permit the student
to study full time without working. Note: The Estimated Annual Educational
Costs that must be available to the student are outlined on a separate
sheet. For the Academic Year 2009-2010 the total including both
living and school expenses is $25,200 USD
If self-supporting -
The student should submit an original letter from the
student’s bank personal saving or checking accounts ONLY) that
indicates the current available balance in United States dollars.
Also, MUST complete the Montgomery College “Affidavit of Support
Form”.
2) If sponsored
by an individual person.
A) Sponsor(s) who are NOT US Citizens or Permanent Residents
should use the Montgomery College “ Affidavit
of Financial Support”.
B) Sponsors who ARE US Citizens or Permanent Residents
must use the USCIS
form I-134 “Affidavit of Financial Support”.
FOR ALL SPONSORS: The sponsor’s signature on the
Affidavit must be notarized, and the Affidavit must be accompanied by
documents showing that the sponsor understands and is financially capable
of fulfilling the commitment (see below).
A. Statement from an officer of the bank or other financial
institution in which the sponsor has deposits giving the following
details regarding the account.
1. Date account opened.
2. Total amount deposited for the past year or average balance in
account
3. Present balance.
B. Evidence of Income; may be either:
Statement of the sponsor’s employer on business stationery, showing:
1. Date and nature of employment.
2. Salary paid.
3. Whether position is temporary or permanent.
OR
(If self-employed) the sponsor’s MOST recent income tax
return.
C. Sponsor Responsibility Document
Notes – Financial resources shown must be personal funds
that are readily available. Evidence of funds held in retirement
or business accounts may not be used. Note -The financial documents
must be no older than three months at the time the I-20 is signed, no
older than 6 months at the time of entry into the United States.
