Tuition

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 cost including both living and school expenses is $25,200USD.

1. 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.
   
2. If sponsored by a government agency or private company.
   The student should submit the scholarship or authorization letter from the sponsoring agency/company listing the amount of support, length of time authorized and any special condition of sponsorship. This must be on official letterhead paper from sponsoring agency.
   

If sponsored by a private Non-US citizen/U.S. permanent resident.

A) Affidevit (1 or 2)
1• If your sponsor is a United States citizen or resident, he or she must complete USCIS form I-134 and submit it to Montgomery College.
2• If your sponsor is not a United States resident, he or she must complete the Affidavit of Financial Support form and submit it to Montgomery College.

B) Sponsor Responsibility Document

The Affidavit must be accompanied by documents showing that the sponsor is financially capable of fulfilling the commitment. The documents most used as evidence of a sponsor’s financial resources are:

1. Statement from an officer of the bank or other financial institution in which the sponsor has deposits giving the following details regarding the account.

   a. Date account opened.
   b. Total amount deposited for the past year or average balence.
   c. Present balance.

2. Evidence of Income; may be either:

   a. Date and nature of employment.
   b. Salary paid.
   c. Whether position is temporary or permanent.

   Or
   Income taxes showing individual persons income on which tax was calculated.

If self-employed:

a. Copy of last income tax return filed, or
b. Report of commercial rating concern.

Note: Financial resources shown must be personal funds and readily available. Evidence of funds held in retirement or business accounts may not be used. Company funds may be shown only if the company itself is the actual sponsor. The financial documents must be no older than six months at the time the I-20 is signed. Additional documentation may be required.

>>back to top