by Lette Berhe
When our research team provides you with your personalized “Listing of Universities,” we include tuition and fees, housing and meals, scholarship amounts, and estimated work-on-campus compensation. Please be aware that once you have chosen the universities you would like to apply to, you must be able to show proof of funds (e.g. bank statements) for the university’s full cost of attendance (i.e. the cost before applying any scholarships or work-on-campus compensation).
Understanding Your Epro 360 Listing of Universities
What Is Cost of Attendance?
Universities use “cost of attendance” for both domestic and international students as a way to make sure that potential students are prepared financially for their full-degree program. A university’s cost of attendance is meant to be informative and includes all academic and living expenses you would be responsible for during one year of study. The table below shows an example of an international student’s cost of attendance.
2018-2019 Estimated Costs for International Undergraduate Student
The total amount (in yellow) would be the amount that you would have to show proof of funds for in order to gain admission from the university.
If you look at the table above carefully, you can see how the total cost (i.e. the amount in yellow) does not reflect how much you will actually be spending during the year.
1. Tuition and Fees: This amount is usually an accurate estimate.
2. Books and Supplies: Textbooks and class supplies can be expensive. But you can easily save money by renting books or buying used books, and then reselling them.
3. Housing and Meals: This is often an average cost for a shared room on campus with a a meal plan. However, there are always several meal plans to choose from, which will allow you to spend less. If you decide to live in an apartment off campus with a kitchen, this amount could decrease because you can save a lot of money by buying your own groceries and cooking.
4. Other personal expenses: As the name states, “personal expenses” really depend on each individual. The university uses an estimate to calculate for things like:
5. Health Insurance: Most universities automatically charge you for their school insurance (which is often more expensive than other options out there; click here for a free online quote from a very competitive U.S. health insurance company). But it is usually possible to remove this charge from your account by asking for an “insurance waiver.” This allows you to show that you have your own insurance and not pay the school’s insurance fee.
Making Your Choice
To study in the U.S. as an international student, you will need an F-1 visa. Part of the application process is receiving an I-20 from your university, which is a “Certificate of Eligibility for Nonimmigrant Student Status.”
In order to receive an I-20 from your university, you must show proof that you have enough money available to pay for your studies (e.g. bank statements). However, each university requests proof of a different amount that is dependent on their full cost of attendance (i.e. amount in yellow in the example above).
Even if you are planning to apply for scholarships or work on campus, the only way for you to receive the I-20 is to show that you can pay for this full amount without any financial assistance from the university.