Dependent(s) Funding
If you are married and plan to bring your spouse or children, you will need to provide proof of additional funding
beyond​ your personal expenses. Based on the amounts for the 2016-2017 Academic Year, you will need to provide
the following amount(s):
●
●
$1,000 per month​ for your spouse (​$,9000​ for an academic year)
$500 per month​ for each child (​$4,500​ for an academic year)
Use these charts to help you determine which funding documents are and are not acceptable to send to us as part
of your funding documents.
Acceptable Documents
Funding Source and
Definition
Financial Document(s) to Send
Personal Funds
A letter from your bank that includes
These are funds that you will
provide from your bank
account.
• Your name
• The balance(s) that is sufficient to meet the funding amount listed on this form
• The letter’s date (do not send letters more than 3 months old)
• An official English translation and the original language document (if not in English)
• Must be readily available funds (no other funding is accepted)
or monthly bank statement(s) that includes:
• Your name
• The statement date (do not send statements more than 3 months old)
• Must be readily available funds (no other funding is accepted)
Parents, Family, and/or
Friend’s Funds
These are funds that will be
supplied from the bank
account of your parents,
family member or friend(s).
A letter from your relative(s) or each sponsor’s bank that includes:
• The account holder’s name
• The balance(s) that is sufficient to meet the funding amount listed on this form
• The letter’s date (do not send letters more than 3 months old)
• An official English translation and the original language document (if not in English)
• Must be readily available funds (no other funding is accepted)
or monthly bank statement(s) that includes:
• Your name
• The statement date (do not send statements more than 3 months old)
• Must be readily available funds (no other funding is accepted)
524 Riverside Drive, New York, NY 10027 / [email protected] / (212) 854-3587
Not Acceptable Documents
Loan Applications
We do not accept applications for a loan. We only accept approved loans.
Specific Assets
We do not accept any of the following:
• Investment portfolios (a collection of investments)
• Retirement plan accounts [example: 401(k) accounts]
• Superannuation accounts (money saved for retiring)
• Real estate property (income made through any property consisting of land or buildings)
• Rental income (income made through a rental property)
• Certifications of assets by Chartered Accountants (any document certifying assets by a chartered
accountant)
Employees’ Provident
Funds (EPF)
(Most prevalent in India)
We do not accept public or private funds from the Employees’ Provident Fund Organisation (EPFO).
Yearly Tax Returns
We do not accept tax returns of any kind.
Credit Card Accounts
We do not accept any balance taken from a credit card account.
Individual Sponsor’s
Salary Statement
We do not accept employer letters stating any amount you will be earning in the future. We only accept
an official sponsorship letter.
Please note: ​There may be some unacceptable documents listed. However, this chart lists the most prevalent.
524 Riverside Drive, New York, NY 10027 / [email protected] / (212) 854-3587