Requirements:
Students must demonstrate sufficient and readily available funds to meet all expenses for the first year of studies through credible documentary evidence. Adequate funds should be available for each additional year of study from the same source or from one or more other specifically identified and reliable financial sources. Programs less than one year will need the full amount.
Designated School Officials are required to assess documentary evidence on behalf of the Department of Homeland Security and the University and therefore, reserve the right to assess whether submitted documentation is deemed credible, reliable and sufficient to issue and sign a Form I-20.
Students should utilize the OANDA currency converter before uploading documentary evidence of financial support to confirm the combined sources of funding are equal to or more than the estimated cost of attendance. The estimated cost of attendance includes tuition, fees, living expenses, and other expenses such as books, supplies, insurance, and transportation for the first year of study. Add an additional $1000 per month for each dependent for your first year of study.
All documentation must be in English (unofficial English translations acceptable with original document) and dated no less than 6 months. Additionally, documentation must show the account holder name, financial institution, date and account number. Local currency will be accepted, but it will be converted to USD.
It is preferred that funds be presented in U.S. dollars.
Unacceptable Documentation (Please note that this list is not exhaustive):
- Documents dated more than 6 months
- Documents not in/translated to English
- Investments or stock portfolios, bonds, Mutual Funds etc.
- Income Tax or Salary Statements
- Lines of Credit from Credit Cards
- Property deeds or rental agreements or other property documentation
- Promissory Notes
- Statements from Chartered accountants
- Statements regarding non-liquid assets
Types of Acceptable Financial Documentation
Personal or Family Funding
- Funding sources may be a combination of personal, family funds, or other approved sponsors.
- Bank Account on Letterhead for Checking or Savings Account.
- Bank statements and/or letters cannot be more than 6 months old and should include name of bank account holder, date of issuance, type of account (e.g. checking, savings, certificate of deposit), total available account balance held by the account holder, official bank name and address by means of a logo or a heading.
- Bank Statement for Checking or Savings Account (please do not include transaction history).
- Certificate of Deposit (maturity/expiry date must be prior to start of the academic program).
- Funds from sources outside of the United States must be assessed for restrictions on the transfer of funds from the country concerned.
- If the bank account is in the name of a business, official documentation linking the account to the sponsor signing the Affidavit of Support is required.
Scholarships
Letter from Pepperdine University or another entity awarding a scholarship or fellowship with the amount and duration of the award.
Proof of an already obtained scholarship. Scholarship letter(s) from government sources or other scholarship awarding agencies, clearly indicating your name, scholarship year or dates, and covered amounts.
Loans
- Confirmation of loan approval from an entity specifying the amount and duration of the loan is required, in addition to a signed affidavit of the account holder. A loan application itself is not sufficient. An accompanying bank statement demonstrating funds of the organization may be required.
Sponsorship by an Organization
- Letter from sponsoring employer/government/organization (on official letterhead) referencing the student’s name, specifying the amount and duration of sponsorship, in addition to a signed affidavit and supporting company bank statements is required