Proof of Adequate Funds Only international applicants requesting the F-1 or M-1 student visa (or transferring their student visa status from another college) are required to meet the following financial requirement. The U.S. Department of Homeland Security requires that Lake Superior College maintain records demonstrating that applicants have enough funds to meet all educational and personal expenses for the duration of their F-1 or M-1 status at Lake Superior College. Applicants must fill out all the information on the Financial Certificate before the I-20 will be issued. Applicants must certify that they have adequate funding to cover tuition, fees and living expenses for their first academic year (12 months). Applicants planning to attend summer semester or bring their spouse or other dependents with them to the United States must certify that they have the additional funding necessary to cover those costs. The form must be current (within 6 months of expected date of enrollment). Financial certificate and bank statement in US dollars You will be required to submit a detailed Financial Certificate and copies of your bank statement and your sponsor’s bank statement that are less than 3 months old. You will need to supply the college with copies of your Bank statements showing the total amount of required funds (approx. $21,139.20 USD) for the academic year before Lake Superior College will issue you an I-20 Form needed for admission into the United States. I-20 Forms cannot be issued until all admission requirements are met and it is determined that an applicant can be accepted into a degree-seeking program. Estimated expenses for an academic year Estimates are based on 15 credits per fall and spring semester Tuition ($151.65 per credit): $4549.50 Fees (not tuition differentials): $788.70 Health Insurance: $1,801.00 Health insurance must be purchased through United Healthcare) Other expenses (room & board, books, tuition differential, etc.): 14,000.00* *This is an estimate as Lake Superior College does not own or operate on-campus housing. TOTAL $21,139.20 The U.S. government requires a SEVIS fee (or I-901) of $350 to be paid prior to obtaining your visa.