Showing Proof of Financial Solvency
United States Citizenship and Immigration Services (USCIS) requires all F-1 new and F-1 transfer international students wanting to obtain a Form I-20 from ACC to submit proof of financial solvency as part of their application.
Private funds can be provided by individuals such as the student, friends, or family members. Financial support can come from inside or outside the United States.
Tuition Estimate for Academic Program
The estimated amount required for tuition and living expenses is $29,000 U.S. dollars per year. Additional proof of $5,000 is required for each dependent.
See the charts below for an estimate of costs. This amount meets the educational expenses (tuition fees, room and board, and other miscellaneous expenses) during the first year at Austin Community College. On-campus employment is not and will not be considered in determining financial solvency.
Health insurance is not required but is strongly recommended. The fees for health insurance are not calculated into the student’s semester tuition bill but purchased separately.
Note: The amounts are in U.S. currency and are estimates, subject to change without notice.
|Tuition and Fees||$13,000|
|Additional Cost Per Dependent||$5,000|
|Total Cost with One Dependent||$34,000|
The signed Statement of Financial Support form with the Bank Certification (Section 5) completed.
If the bank refuses to complete the Bank Certification (Section 5) on the Statement of Financial Support, then, in addition to the Statement of Financial Support form, you must submit a bank account statement or bank letter.
If you are funded by multiple sponsors, each sponsor needs to provide a Statement of Financial Support form with the Bank Certification (Section 5) completed or the form along with a bank statement.
Information for Bank Officials
This certification is given for the student’s ACC educational purpose and does not hold the bank responsible or liable. The certification is meant to state that the student or the sponsor named on the bank certification section has full access to the funds described, and that the funds can be withdrawn at any time, are liquid, and can be used without restriction.
Follow These Guidelines When Submitting Your Bank Statements
- Statements must be current – issued no more than 6 months before the student’s start date at ACC.
- Fall application: The bank statement cannot be dated earlier than March of the same year you are applying.
- Spring application: The bank statement cannot be dated earlier than August of the same year you are applying.
- Summer application: The bank statement cannot be dated earlier than January of the same year you are applying.
- Original documents and signatures are required. Faxes, photocopies, or scanned/imaged copies are not accepted.
- Statements must be legible, clearly reflecting the account holder’s name, type of account, bank name, branch, and balance.
- Statements regarding investments such as stocks, bonds, 401(k)s, and current salary statements are not accepted.
If Your Sponsor is a Company, Agency, or Government:
Provide an original letter on the company, agency or government’s letterhead. The letter must be signed and dated by an official of the company, agency or government. It must include the following information:
- Required amount stated above ($29,000 U.S. dollars)
- Terms of sponsorship (how long they will be sponsored and what will be covered)
- Address where invoices must be sent
If your sponsor is using their company’s bank statement, they must provide articles of incorporation or legal documents showing that the sponsor signing the Statement of Financial Support is the owner (or part owner) of the company. This is in addition to the completed Statement of Financial Support form with the Bank Certification (Section 5), or the form along with a bank statement.Back to Top