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Acceptable Proof of Funds Guide


Acceptable Proof of Funds

Personal funds:
  • 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 bank or other financial statements (see below for criteria**) 
  • 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, on-campus employment, department salary, etc):
  • 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 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