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UNDERGRADUATE & GRADUATE ESTIMATED EXPENSES – 2024-2025*
SUMMARY OF REQUIRED FUNDING FOR ISSUANCE OF AN I-20
ACCEPTABLE TYPES OF FINANCIAL DOCUMENTS AS PROOF OF FUNDING IN SUPPORT OF AN I-20
All financial documents MUST:
be written in English or accompanied by an official translation
clearly state the currency of funds
show liquid assets that can be readily converted into cash if needed
show the date of issuance and be less than 6 months old at the time the I-20 is issued
Certification of Financial Resources, Bank Certification Letters, Bank Statements
Must include name of bank account holder
Total available balance must be highlighted/clearly noted
Bank Certification Letters must be on official letterhead
Bank official’s signature or stamp must be included
Maturity date must be before the start of the semester if applicable
Loan Letter
Must show student is approved or pre-approved for the loan
Must clearly state the total approved/pre-approved amount
Other Awards/ Grants/ Scholarships/ Financial Guarantees/ Employer Sponsor Letters
Must clearly state what the award/ grant/ scholarship/ sponsorship includes, such as tuition, fees, books, insurance, living expenses. If it includes stipend, it must state the value of the stipend per month or year.
Must contain billing instructions specifying how the scholarship or loan organization intends to pay your tuition and fee bills.
NOT ACCEPTABLE:
Employment Letter
Life Insurance Statement
Salary Statement
Stock Market Statement
Credit Card Statement
Valuation Statement
Real Estate Statement
Tax Return Document
EXPLANATION OF ESTIMATED COST OF ATTENDANCE FOR INTERNATIONAL STUDENTS
Tuition and Fees: Actual tuition and fee charges will vary depending on the number and type of courses a student takes each term. Tuition and fees for Summer School (Summer A, Summer B, Summer C) are NOT included in the estimate of tuition and fees incurred annually. Tuition rates available at the SFBC website.
Books and Supplies: Estimates do NOT include books and supplies for study during the summer. Expect at least US $350 in expenses for books and supplies for a full course load (12 hours undergraduate; 9 hours graduate) during summer. Costs may be higher for some programs.
Living Expenses: Housing is based on an average rate of $1,300 per month for a single or studio off-campus apartment. For fall and spring semesters, the rate of $1,300 is multiplied by 4.5 months. Please be aware that off-campus apartments and houses are rarely furnished, and most do not include utility services (electricity and water) in the price of rent. SFBC does not offer on-campus housing.
Dependents: An accompanying dependent (spouse/child) who is not a student will require additional funds or support. The estimate of $4500 per year for spouse and $3500/year for each child, which meets the U.S. Government Health and Human Services Poverty Level yearly estimate. Please be aware that actual dependent costs may be much higher due to additional medical insurance expenses, food, clothing, and daycare for children.
IMPORTANT NOTES:
Students and their financial sponsors should plan to meet the estimated expenses for the duration of the student’s studies. Immigration regulations generally prohibit off-campus employment during a student’s first year of study in the U.S. Even if you may be eligible for off-campus employment, it is difficult to find a job. Lawful authorization to take a job may also take several months to receive. On-campus jobs are few in number and difficult to obtain. Students and their financial sponsors should not plan to meet any costs through on-campus or off-campus employment.
It is unlikely that an international student can study at South Florida Bible College for less than the estimated costs.
All estimates are in United States currency ($US dollars).
All estimates are subject to change without notice. This document reflects estimated costs for academic students for the 2025-2026 academic year which ends in July 2026.
FORMS NEEDED TO ISSUE AN I-20
To obtain an F-1 I-20 from South Florida Bible College, a student must:
apply and be admitted to a program of study;
submit the following in your admissions application:
proof of funding (e.g. scholarship letter, fellowship letter, assistantship letter, financial guarantee, or personal funds);
passport; and
current visa/visa document (if inside the U.S.).
Financial Requirements for Visa Sponsorship of Dependent Spouse and Children Under 21 Years of Age:
The estimated costs of living increase with each added dependent. Estimated cost for each F-2 Dependent is $4500 for spouse and $3500 for each child in USD per year. This $4500/$3500 requirement will meet or exceed U.S. poverty guidelines.
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