Financial Requirements

As part of your application, you’ll be asked to upload proof of funds (bank statements, bank letters, and/or scholarship letters) for at least the first year of studies. Proof of funds is required in order for your application to be reviewed for admission.

Review Proof of Funding Details

Bank statements/letters

Bank statements or letters must:

• Include checking accounts, savings accounts, time deposits, certificates of deposit (CDs), money market accounts and/or cash in investment accounts. Funds in stocks/investments, bonds, lines of credit, real property or statements of income are not accepted.
• Be issued by the bank with the account holder’s name, currency type, and account type in English
• Be dated within 12 months of your program start date
• Must show at least the minimum amount in the table below (the funding required by your program for the first year of studies)

Scholarship Letters

Scholarship letters are also accepted from governments and organizations. The letter must be in English and indicate the amount of funds awarded.

If you have a sponsor, they must provide a signed statement in English that says: “I agree to financially support [your name] during their graduate studies at USF” for you to upload. Their name and signature on the letter must be in English characters with the date.

Dependents

If you plan to bring dependents with you who will need an F-2 visa, please provide additional proof of funding to cover their expenses. If you were awarded a scholarship that includes funding for your dependents, please have them listed on the scholarship letter. For a 9-month program, please add an additional $5,400 per dependent adult, and for a 12-month program, please include an additional $7,200 per dependent adult. Child dependents require an additional $400 for each month of the first year of your studies.

Required minimum amounts

Below are the estimated costs for the first year for programs. Your proof of funds must show at least the Estimated Total Amount.

Estimated First Year Budget for programs starting in Summer/Fall 2023 and Spring 2024

*Students admitted to Biology and Chemistry receive full scholarship and teaching assistantship. Graduate Student Association fee is $70 per year.
**Data Science and Sport Management are 12-month programs, so Living Expenses and Other Expenses reflect 12 months of costs, rather than 9 months. Tuition for Data Science as indicated above is an estimate based on 32 units for first academic year of study. Total tuition cost (35 units) is $56,005 for 2023-2024, which includes 3 additional units in the second academic year (Summer 2024).

Proof of Funding Details

Bank statement or Bank letter with the account holder’s name, currency type and account type in English should be uploaded. The document must be dated within 12 months of your program start date, and should show the minimum (or higher) amount required for the first year of studies in your program.

Valid account types include checking accounts, savings accounts, time deposits, certificates of deposit (CDs), money market accounts and cash in investment accounts. Funds in stocks/investments, bonds, lines of credit, real property or statements of income are not accepted.

Scholarship letters are also accepted from governments and other organizations. The letter must be in English and indicate the amount of funds awarded.

Sponsors – If you have a sponsor, they must provide a signed statement that says: “I agree to financially support [your name] during their graduate studies at USF” for you to upload. Their name and signature on the letter must be in English characters with the date. Upload this letter to the application in the Certification of Finances section, along with their bank documents.

Dependents – If you have dependents who will need an F-2 visa, please provide additional proof of funding to cover their expenses. If you are awarded a scholarship that includes funding for your dependents, they will need to be listed on the scholarship letter.

For a 9-month program add an additional $5,400 per dependent adult. For a 12-month program include an additional $7,200 per dependent adult. Child dependents require an additional $400 for each month of the first year of your studies ($3600 for a 9-month program and $4800 for a 12-month program).

Living Expenses is an estimate for shared housing (rent), food at home ($400 per month), and health insurance ($3,480 for 2021-2022).

Other Expenses is an estimate for books, a local transit pass, and personal expenses, such as eating out and entertainment.