What
is a
Statement of Financial Ability?
A
Statement of Financial Ability is a document, or
a set of documents, showing
that you have the financial resources
necessary to attend the Museum School for at least one full year
(totaling about $46,000 USD). The financial statement is required
before the
SMFA can issue a Form I-20 for the student. You will also
need to show the
documents when you apply for the F-1 Visa. Funding may
come from private bank
accounts, private/government aid, grants, or any
scholarships that you have been
awarded. It is critical that you submit
original documents (officially
translated, if necessary) in order to
prove each source of funding.
For
example, if your funding is coming
from a private bank account that is not your
own, then you would need
to submit the following:
When
using funds from any aid you may be receiving (loans, grants,
scholarships,
etc.), you must submit an official copy of the letter of
sponsorship or award
letter.