Financial Support - Sponsorship
In order to receive the required documentation, you need to apply for your F-1 visa or be approved for an I-20 extension. You must prove that you are able to pay for tuition costs and living expenses while in the United States, whether it be from your own resources or with the help of another individual. International students have limited work opportunities, so you should not expect to be able to work to pay your expenses.
If you are planning to use your own resources to pay for your program, please complete and return the Affidavit of Financial Support form. If someone else will pay for your program, please fill out and return the Affidavit of Financial Sponsorship form. If you and another person are sharing the cost of the program, please complete and return both forms, indicating the amount that each person will provide. Along with the affidavits, all sponsors will need to provide an original bank letter demonstrating that they have sufficient funds to cover all program costs. Click here to see a sample bank letter.
To determine the costs of your program abroad, please refer to the Tuition and Fees per Semester table to learn about the academic expenses for your program. In addition, refer to the Economics Policy Institute (EPI) Family Budget Calculator to know more about the cost of living in the Miami area for one year. Click here to access the Tuition and Fees per Semester table. Click here to access the cost of living calculator.
To determine the amount you’ll need to pay for your program’s first-year expenses, multiply the tuition and fees per semester by the number of semesters in your first year (Albizu University operates on three semesters per year). Add that to the annual cost of your living expenses from the Family Budget Calculator. The total amount listed on the financial support form(s) you submit must equal this amount.
To determine the amount you’ll need to pay for your expenses under an I-20 extension, multiply the tuition and fees per semester by the number of semesters remaining in your program. If you have more than three semesters remaining, calculate the amount for the first remaining year only. Add that to the annual cost of your living expenses from the Family Budget Calculator. If you have less than one year remaining, multiply the monthly cost of living from the calculator by the number of months remaining in your program. The total amount listed on the financial support form(s) you submit must equal this amount.
If you need assistance to determine the financial cost of your program or complete your form, contact your Albizu University admissions officer/PDSO.
Click below to obtain copies of the financial support forms:
Affidavit of Financial Support (for expenses you will cover yourself)
Affidavit of Financial Sponsorship (for expenses another person will cover for you)