Northeastern University Declaration of Finances

Northeastern University requires international students to submit a Declaration of Finances as part of their application process. This form demonstrates that the student possesses sufficient financial resources to cover their educational and living expenses for the duration of their studies. It’s a crucial document that directly impacts the issuance of the I-20 form, which is necessary for obtaining an F-1 student visa.

The Declaration of Finances isn’t just a form; it’s a legally binding statement assuring Northeastern University and U.S. immigration authorities that the applicant has access to adequate funding. It outlines the sources of funding and the amount available from each source. The form typically requires the student to detail personal savings, funds from family members or sponsors, scholarships, grants, and other financial aid.

Accuracy is paramount. Providing false or misleading information can lead to visa denial or revocation. Students must carefully review all information before submitting the form and ensure that all financial documents provided are authentic and verifiable.

Supporting documentation is just as critical as the form itself. Common supporting documents include bank statements, letters from financial sponsors, scholarship award letters, and official government sponsorship documents. Bank statements should be recent, usually within the last six months, and clearly show the account holder’s name, the account balance, and the currency of the account. If the funds are held in a currency other than U.S. dollars, Northeastern University may require a currency conversion calculation to demonstrate that the funds are sufficient.

Letters from financial sponsors, such as parents or relatives, should state the relationship to the student, the amount they are willing to contribute annually, and a guarantee of their commitment to support the student throughout their studies. These letters must be accompanied by the sponsor’s bank statements or other proof of their financial ability.

The estimated cost of attendance provided by Northeastern University is a key factor in determining the required funding amount. This figure includes tuition and fees, living expenses (room and board), books and supplies, health insurance, and other miscellaneous costs. Students should consult Northeastern University’s website or contact the Office of Global Services for the most up-to-date estimate.

Submitting the Declaration of Finances and all supporting documents on time is crucial for a smooth application process. Delays in submission can lead to delays in I-20 issuance and potentially jeopardize the student’s ability to begin their studies on time. Students should carefully adhere to the deadlines outlined by Northeastern University.

The university often provides detailed instructions and guidelines for completing the Declaration of Finances on their website. Applicants are strongly encouraged to thoroughly review these resources and reach out to the Office of Global Services with any questions or concerns. By understanding the requirements and providing accurate and complete documentation, international students can successfully navigate the Declaration of Finances process and pursue their academic goals at Northeastern University.