Estimated Cost of Attendance

Declaration of Finances form

Estimated Costs for F-1/J-1 Students

When planning to finance your education in the U.S., include costs for tuition, housing, food, health insurance, transportation, books, and other expenses. Review the Declaration of Finances form for estimated costs. 

For I-20 issuance, you must show evidence that you have funding available to meet Marymount’s estimate of the total cost for one year of your program. Though students are only required to show evidence of funding for the first academic year, students must have additional funds committed for the remainder of their program. Marymount’s estimate of total costs for one academic year are subject to change. Students should anticipate that costs will increase at minimum the rate of inflation each new academic year.

What is the Declaration of Finances?

Under U.S. government regulations, all international students attending a U.S. institution under F-1 or J-1 visa status must demonstrate the ability to meet all expenses associated with their first academic year of study. Admitted international students must submit this form and supporting financial documentation. International financial statements must be signed or stamped by an official of the issuing agency. Sponsoring agencies, governments, or companies must provide a letter that includes the student’s name, the amount and purpose of funding to be provided each year, and specify currency type and the award/validity period. Specific requirements are found on the proof of funding page.

The Declaration of Finances is a Marymount specific form that details the total estimated cost that F-1 and J-1 students must show in order to be issued an I-20 or DS-2019. The completed and signed form must be completed, signed, and submitted with your I-20 or DS-2019 request via the ISSS portal. Note: the account holder of your proof of funding document(s) must sign page 2 of the Declaration of Finances form. Students submitting more than one funding sponsor should have one form per sponsor. If you have a government sponsorship or scholarship awarded to you, do not submit their signature. As the student, you must sign the form (if under age 18, parent must also sign the form).

Marymount’s Declaration of Finances form

Students are required to submit a completed and signed Declaration of Finances form as part of their request for an I-20. We do not accept Affidavits or statements from personal financial managers.

Your actual costs may differ depending on your specific circumstances, but all F-1/J-1 students must show funding for the full amount shown on the Declaration of Finances form.  

  • Academic Year 2024-2025 (for students beginning their program Fall 2024, Spring 2025, or Summer 2025)
  • Students who will begin their program in Fall 2025 or later must complete the Declaration of Finances form for Academic Year 2025-2026, which will be available on/about February 15, 2025.

Information about document requirements for financial evidence are found on the proof of funding page.

Please note:

  • If you have been awarded a Marymount University scholarship, then deduct that scholarship amount from the total estimated amount that you must show in your associated proof of funding. You will need to provide a copy of the scholarship award letter, and then show proof of funding for the remaining estimated total cost.
  • SACM and other sponsored students also need to meet proof of funding requirements.

Additional Information about the Form

Both the student and the funding sponsor (except government funding sponsor) MUST sign page 2 of the Declaration of Finances form. We accept the following methods of signature on the form:

  • “Wet” signature, physically with a black or blue pen. To provide a wet signature, print the completed form, physically sign it, scan the document (or take a photo of it), and upload the completed and fully signed document when submitting your Create I-20 request through the ISSS portal.
  • Digital signature. This can be done directly on the PDF form using many different types of digital signature software, such as DocuSign, Adobe, etc., then save the completed/signed form, and upload it when submitting your Create I-20 request through the ISSS portal.
We do not accept:
  • Typed name as signature
  • Typed initials as signature

A Declaration of Finance form that is incomplete and/or does not include the required signature(s) will be returned to the student and may cause a delay in I-20 issuance. To avoid delay, make sure that you accurately complete the form and include any required signatures prior to submission.

 

 

07/22/2024