Certification of Finances
All International applicants must prove their ability to pay the educational fees for their first year of study. The Certificate of Finance form, along with an estimate of cost, will be given to students in the application form. The estimated cost for Academic Year 2016-2017 is approximately US$65,000. Please remember to provide an original bank statement or a stamp letter from your bank official. This document should be submitted along with the admissions application to expedite I-20 student visa turnaround.
This amount does not cover living expenses for the summer vacation period, or for your transportation costs to campus. Plan on a 3-7% increase in expenses per year.
The residence halls are closed to students during June, July, and August. Students living in the residence halls need to pay for off-campus housing during this time if they plan to stay in the U.S.
Additionally, a mandatory Saint Mary's medical insurance must be paid in order to register for classes.
As an F-1 Student visa holder, students are not authorized to work in the U.S. except under special circumstances. Do not include anticipated campus employment as part of your financial document.
Students should also plan on having an additional $3,000 (approximately) for out-of-pocket expenses for books, laundry/dry cleaning, entertainment, clothing, etc.
Once we receive your Certificate of Finances with a certified bank statement indicating the amount of deposit available for your educational expenses converted into US dollars, we will then issue a SEVIS I-20. You will need this document to apply for an F-1 student visa. If your certificate of finances and certified bank statement are both on file at the time of your acceptance you will be mailed an I-20 with your letter of acceptance.