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