Financial Documentation Requirements

• All documents must be submitted on the student's online admissions Application Status page.

• Photocopies can be provided with the understanding that originals may be requested if necessary.

• All financial documents must be the most recent document for the account, issued within 10 months of your program start date in the U.S.

• Documents must show liquid assets that can be immediately converted to U.S. dollars. Liquid funds are defined as money that is immediately accessible without any restrictions or penalties. A U.S.-based money market account is acceptable if it can be withdrawn immediately as cash in U.S. Dollars.

• Cash in a savings or checking bank account must exceed of required estimated expenses.

• Joint accounts must include a Stevens Graduate or Undergraduate Financial Verification Form.

• All documents must be English.

• Official online bank statements are acceptable if they include the bank's letterhead or logo. Unofficial printouts of screens from an online banking account will not be accepted.

• All financial document must show the account holder’s name, date, account number, the account type, the current balance, and the type of currency.

Please note current processing time is minimum 10 business days from complete application submission, depending on the volume of I-20 requests.

• Bank statement or letter must be on bank letterhead and include the name of the account holder, account number, account type, date, the current balance in the account, type of currency, and be accompanied by Stevens’ Graduate or Undergraduate Financial Verification Form.

• Certificates of deposit(s) in the sponsor’s name with a maturity date no later than the start date of the academic term, accompanied by Stevens’ Graduate or Undergraduate Financial Verification Form.

• Bank statement on bank letterhead dated no more than 3 months old at the time of submission showing your name, date, account number, account type, the current balance and type of currency.

• If you are using a private or education loan, you must provide a statement from the lender showing your name as the loan holder, the amount of the loan, the date the loan takes effect, and the conditions of the loan.

• Certificates of deposit(s) in your name with a maturity date no later than the start date of the academic term

• Government Agency: Letter must be on the organization’s official letterhead, signed, or stamped, and specify your name as the recipient of the funding and the amount, terms, and duration of the funding (including specific start and end dates).

• Private Business (Employer, Family Business, etc.): Scholarship letter must be on company letterhead, specify your name as the recipient of the funding, award amount, and duration of funding. The scholarship letter must be dated and signed by a company official.

• The award (scholarship/fellowship/assistantship) letter for graduate students must be signed/dated and specify the student’s name as the recipient of the funding, the amount, terms, and duration of the funding (including specific start and end date). To accept the award, the student must follow the instructions provided along with the award letter.

• The award amount will be listed on the I-20  towards the total expenses only if all formalities to accept the award are complete at the time of review.

• Any award or scholarship for undergraduate students provided by Stevens will be acceptable once the award letter is available on the student's portal by the Office of Undergraduate Admissions.

• Award Letters from Stevens do not need to be uploaded by the student for review as a part of their financial documentation.