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Acceptable Proof of Funds Guide

Acceptable Proof of Funds

Personal funds:
  • Official bank statements in your name showing balance of account (see below for criteria**)
Private sponsors: including parents (must include both of the following):
  • The sponsor's official bank or other financial statements or letter (see below for criteria**) 
  • Official letter(s) indicating the relationship between you and the sponsor(s), the amount of support and the length of support
UT Awards (scholarships, fellowship, grants, department salary, etc):
  • Scholarship award letters can be downloaded in your Workday account, under Finances tab (instructions for how to view)
  • If you attach a letter indicating other type of UT funding, the letter must be:
    • printed on OFFICIAL UT letterhead 
    • signed by the sponsoring department
    • issued in the last 6 months
    • state the amount, length and type of funding
Other institutional support/award letters:
  • Letter from an employer or another institution on OFFICIAL business letterhead including a signature showing amount and length of support
  • Salary statements are not accepted
Loan certificates/letters:
  • Must indicate your name and the amount of approved loan
  • Conditional loan approvals may be accepted only if the condition is the receipt of your I-20 or DS-2019.
  • Loan applications are not accepted as proof of funding
**Bank/Financial Statement Criteria:
  • Should be a single page document showing the criteria below. DO NOT submit long statements that include transaction history
  • Showing bank/financial statements from multiple accounts and multiple sponsors is acceptable
  • Indicate the financial institution's name
  • Indicate the account holder's name
  • Clearly show the account balance
  • Be dated within the past 6 months (older statements will not be accepted),
  • Be translated into English (especially names) unofficial translations are accepted
  • Clearly show the type of currency
  • Be from statements that show liquid assets that can be converted to cash
IMPORTANT: The following types of funding are NOT accepted:
  • Documents older than 6 months
  • Income or salary statements (UT on-campus employment)
  • Funds that are not immediately accessible
  • Assets that are not in liquidated form (house, car, retirement, etc)
  • Life insurance policy statements
  • Pension funds
  • Tax return forms or documents
  • Documents that state a vague balance amount, for example "funds in the six figure range"
  • Screenshots of bank apps or websites