I-20 Financial Documentation

Rowan University remains committed to making education affordable for all international students regardless of country of origin. As a public institution, we cannot administer need-based financial aid to international students. Unless awarded a merit-based scholarship or assistantship, international students must plan to pay the entire cost of attending Rowan University. Federal regulations require you to demonstrate sufficient proof of funds before we issue your I-20.

Current Estimates for I-20 Expenses

Degree-seeking program expenses (Glassboro and Camden campuses) -

	Undergraduate	Graduate (non-business)	Graduate (business)	RCBC 3+1	Veterinary Medicine
Tuition & Fees	$28,250	$20,350	$21,500	$12,500	$58,800
Living Expenses	$17,050	$17,450	$17,500	$17,050	$17,400
Other Expenses*	$7,000	$9,700	$9,700	$7,000	$9,200
Estimated Totals	$52,300	$47,500	$48,700	$36,550	$85,400

Medical program expenses (Sewell and Stratford campuses) -

	RVSTBES PhD	RVSTBES Masters	SOM D.O.
Tuition & Fees	$18,500	$27,000	$88,800
Living Expenses	$18,700	$18,700	$29,200
Other Expenses*	$5,300	$5,300	$15,100
Estimated Totals	$42,500	$51,500	$133,100

*Other expenses include books, transportation costs, personal expenses, and health insurance. For RSVTBES programs, health insurance is included in the tuition and fees.

F-2 Dependents: You must submit proof of additional funds in the amount of $8,200 for your dependent spouse and $5,800 for each dependent (minor) child who will accompany you to the U.S.

The above expenses are only estimates. The accurate cost of attendance will appear on your tuition bill. These costs are subject to change at any point throughout the application process and are subject to change upon approval of the University’s Board of Trustees.

Estimated expenses are for the 9-month academic year only, except for the SOM program which is calculated on a 12-month basis. If you intend on staying in the U.S. during the summer, please budget accordingly.

Please note that the maximum amount of USD the International Center will report on your I-20 is $100,000, regardless of if you have more than $100,000 in financial support. For SOM students, we will accept up to 2x the total expense estimate.

Financial Documentation Guidelines

International students are required by the U.S. government to demonstrate sufficient funding to receive an I-20 and enter the U.S. to study. Sufficient funding is defined as greater than or equal to the estimated total expense amount above, in USD.

Any combination of funds is acceptable so long as you demonstrate that you can cover the full cost of attendance for one full academic year. Please note that all costs are estimated for immigration purposes and subject to change. Your accurate cost of attendance will be reflected on your tuition bill. Only submit financial documentation once your source of funding has been finalized. Documents should only be submitted for sponsors that you want to appear on your I-20.

NOTE: Incoming students CANNOT be sponsored by a current F-1 student from Rowan. We also do not accept affidavits of free room and board that are completed by other F-1 students.

Any questions about funding can be directed to the International Center: rowanic@rowan.edu.

Support Documentation Guidelines

Must be dated within the last six months 
Must have the name of account owner clearly listed 
Must be in English (or translated into English)
Must state the account type (i.e. savings, checking, etc.)
Must state the type of currency
Must have a signed Affidavit of Support from any sponsor who supports you

Accessible Fund Types

Personal funds. If you are self-sponsoring, you must provide a bank statement in your name. No Affidavit of Support is required if you are using personal funds.
- The bank statement MUST state the amount available in the account!
Fixed/Term deposits. Acceptable ONLY if the maturity date is before the semester bill due date.
- The full value must be shown on the statement.
Family/Friends (sponsors). You may submit a family member or friend’s bank statements if they are your sponsor.
- An Affidavit of Support must be completed by each sponsor. The closing amount in the bank account must equal or exceed the amount promised on the affidavit.
- The bank statement MUST state the amount available in the account!
- Please note: If you are using a business’s bank account, you must provide the business registration, which states the name(s) of the business owner(s). The person who owns the business must complete and sign the Affidavit of Support.
Rowan University Scholarship Funds. For Undergraduate students who have been awarded merit-based scholarships at the time of admission.
- The International Center will automatically apply your scholarship amount to your I-20 – you do not need to provide any documentation for this.
Fellowship or Teaching Assistantships. Initial fellowship or TA offer letters from your academic department are acceptable.
- You must upload additional financial documentation that covers any remaining balance after deducting the award amount.
Employer. If your employer is supporting you, please provide a letter (on official company letterhead) which states the amount awarded to you and the duration of support.
- If you are receiving funds from a business account (the bank account is listed under the business name, not an individual), you must provide the business registration, which states the name(s) of the business owner(s).
- The person who owns the business must complete and sign the Affidavit of Support.
Government. If you are receiving funding from a government or employer, please provide a letter from that source stating the amount awarded to you and the duration of support.
Education loans. You must provide an official letter from the loan provider indicating approval of loan and amount approved. This letter must include the following information:
- Period of time covered by the award 
- Indicate Rowan University as the student’s institution 
- The total amount of support for the given time period
- Each person named on the education loan must complete and sign an affidavit of support, including the student.
- Students sign the affidavit and write "self" in the "relationship to student" section.

Unacceptable Fund Types

Non-liquid funds (investments, real estate, insurance policies, pension funds, etc.)
Tax forms such as the W-2, or pay stubs
Letters/solvency certificates saying 'enough' or 'sufficient' funds are available, or that the holder is 'capable of supporting the student' - we are looking for liquid funds
On-campus employment offer letters with the exception of graduate assistantships, TA offer letters, or fellowship letters