Nate from Nomad Credit explains what US universities will allow for financial proof of funds on the Form I-20. International students coming to the U.S. on an F1 visa or J1 visa need to show proof of funding for the cost of one full year attending their school of choice

• Generally, universities will accept scholarships, personal loans, education loans (also known as student loans), and any proof of personal or family income or sponsorship.

We wrote more in-depth information about the financial resources that are allowed and not allows as proof of funds last week for the Form I-20. 

Nomad Credit is here to help

As always, please visit us at www.nomadcredit.com to search for your international student loan options, including education loans or study loans and student health insurance. Please don’t hesitate to email us at help@nomadcredit.com.