From May 27 to May 31, our office will be closed.  May 27, Tulane University is closed in observance of Memorial Day.  May 28- May 31, the entire OISS team will be attending the NAFSA Annual Conference.  As the most important annual event for international educators, this conference will provide our team with vital updates and ideas that will help us to better serve our international community.  As a bonus, we’re using this opportunity to update the carpet at 6901 Willow. 

If you have any timely requests, such as an OPT, CPT, or Academic Training application or a program extension, please be sure to get complete application to your OISS advisor no later than Friday, May 17 to allow for 3 to 5 business days for processing.  If not, we may not be able to complete your request before the conference. 

During this time, we’ll be monitoring our email for true immigration emergencies, but please be sure to expect a delay in our response.  We’ll still be there if you really need us. 

Thank you for your cooperation,

The OISS Team

Verifying Financial Support for International Students

 

Tulane must inform the student of the true cost of attendance and obtain reliable documentation that the student has financial resources adequate to meet the estimate of expenses while studying at the school. Financial support information must also be included on Form I-20 and DS-2019.  This estimate should include tuition, fees, health insurance, books, and living expenses. 

Tulane is required to obtain documentation that liquid funds exist for the first year of study and that funding will be available from the same or equally dependable sources for subsequent years for F-1 students. This is the same standard that consular and Department of Homeland Security officers will use to determine a student's financial ability.  By liquid funds, we mean savings or checking accounts, not real estate, proof of salary, investment portfolios with stocks and or mutual funds, or certificates of deposits (CD's).

 For J-1 students, documentation must show liquid funds exist for the funding of the entire length of the program.

Acceptable Proof of Financial Support

1. A bank statement and letter of support from the sponsor.

  • The bank account should have enough funds to cover the student’s first year at Tulane (F-1) and enough funds to cover the entire length of the program (J-1) and the date of the statement should be relatively recent (no more than 3 to 6 months old)
  • The letter stating financial support should indicate that the sponsor will cover costs throughout the student’s program
  • Students can have more than one sponsor as long as the total adds up

2. Self-funding – only a bank statement is necessary if the student is paying for his/her own education. ​​

3. ​Certification of Finances

  •  Financial  institution and the sponsor sign the same form verifying financial support
  • Preferable for its consistency and the ease of verification