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The Brenau Financial Verification Form is a crucial document for international students seeking admission to Brenau University. It is designed to ensure that students can provide proof of sufficient financial resources to cover tuition, fees, and living expenses for at least the first year of their studies. To complete this form, students must detail the sources of their funds, including personal funds, family or sponsor contributions, and any scholarships. Each source requires documentation, such as bank letters or official statements, to verify the availability of these funds. The form outlines estimated expenses, including tuition, health insurance, and other costs like books and technology fees, which help applicants understand the financial commitment involved. Additionally, if students plan to bring family members, they need to account for additional financial support. Ultimately, the form's completion and submission are essential steps in the admissions process as an I-20 cannot be issued without it. Therefore, understanding the requirements and ensuring accurate information on this form is vital for a smooth transition to studying in the United States.

Brenau Financial Verification Example

F IN AN CIAL VER IFICATION F OR M

International students must demonstrate that sufficient funding is available to meet all University and living expenses for at least the first year of study, with the assumption that this funding will be available for the duration of the degree program. An I20 cannot be issued without this form (completed and signed) and the appropriate supporting documents. PHOTOCOPY THIS FORM IF IT MUST BE SENT SEPARATELY. All signatures must be original.

Name: _____________________________________________________________________________________________________

Last/Family,FirstMiddle

Date of Birth: ________________________________________________________________________________________________

MonthDayYear

Source of Funds: ______________________________________________________________________________________________

Expense

Fees per Year

Tuition

(Contact the Office of Admission for current

fulltime tuition rate) $_________________

 

Health Insurance

$605.00

Technology Fee

$250.00

 

 

Books

$1000.00

The se e stima te s d o no t inc lud e tra ve l o r living e xp e nse s. If yo u p la n to b ring yo ur fa mily, a n a d d itio na l $3,000 p e r p e rso n will b e ne c e ssa ry.

P ERSON AL FU N D S ____________________________________________________________________USD$________________

Submit a bank letter verifying cash amount that is available. A current bank statement (within the last 6 months) is acceptable; however a bank letter is preferred.

FAM I LY / SPON SO R FU N D S ____________________________________________________________USD$________________

Submit BOTH

1.An official and original bank letter verifying cash amount that is available is preferred. A current bank statement (within the last 6 month) is acceptable; however a bank letter is preferred.

2.An official and original letter from the sponsor, certifying that he or she will finance your education for the duration of your studies.

Name of Sponsor: _________________________________________________ Relationship to Student: _______________________

Address of Sponsor: ___________________________________________________________________________________________

___________________________________________________________________________________________________________

___________________________________________________________________________________________________________

Signature of Sponsor: _______________________________________________ Date: _____________________________________

GOV ERN M EN T SCH OLARSH I P __________________________________________________________USD$________________

Name of Scholarship and Originating Country: _____________________________________________________________________

Submit an official and original letter indicating cash amount and availability of funds.

O TH ER SCH OLARSH I P _________________________________________________________________USD$________________

Name of Scholarship and Scholarship Provider: _____________________________________________________________________

Submit an official and original letter indicating cash amount and availability of funds.

T OTAL AM O U N T AV AI LABLE ___________________________________________________________USD$________________

My signature below indicates that all information in my application is complete, factually correct and honestly presented. I understand that failure to provide accurate and true information may invalidate my admission to Brenau University. I have read and understand the admissions policy of Brenau (catalog can be found at www.benau.edu/reg/catalog). If my application is accepted and I become a student, I agree to abide by all policies and regulations of Brenau University, including the student honor code.

Signature of Applicant: _______________________________________________ Date: ____________________________________

Rev ised: 5 . 5 . 1 1 dpg

Form Characteristics

Fact Name Fact Description
Purpose of the Form This form is necessary for international students to prove that they have enough funds to cover tuition and living expenses for at least the first year at Brenau University.
Signature Requirement All signatures on the Brenau Financial Verification form must be original. Photocopies of the form are allowed if they need to be sent separately.
Funding Assumption The form assumes that the verified funds will be available for the entire duration of the student's degree program, not just the first year.
Essential Supporting Documents The form must be accompanied by a bank letter or a current bank statement to verify available funds. An official letter from a sponsor is also required if applicable.
Consequences of Inaccuracy Students must understand that providing false or incorrect information may invalidate their admission to Brenau University.

Guidelines on Utilizing Brenau Financial Verification

After gathering the necessary financial details, take a moment to prepare the Brenau Financial Verification form. This form is crucial for ensuring that all required information is accurately documented, allowing the process to move forward smoothly. Below are the steps to help you fill out the form correctly.

  1. Write your name in the designated space, including your last, first, and middle names.
  2. Enter your date of birth, using the format of month, day, and year.
  3. Identify your source of funds and clearly specify it in the provided space.
  4. Fill in the estimated expenses for the year, including:
    • Tuition fees (insert the current rate obtained from the Office of Admission).
    • Health insurance ($605.00).
    • Technology fee ($250.00).
    • Books ($1,000.00).
  5. Calculate the total expenses and write them in the appropriate section.
  6. If you have personal funds, write the amount available in the designated area. Attach a bank letter (or statement) to verify this amount.
  7. For family or sponsor funds, write the amount and provide the necessary documentation:
    • Attach an official bank letter or statement verifying the funds.
    • Include an official letter from the sponsor, noting their commitment to finance your education.
  8. Record government scholarship details, including the name and country, along with the amount available.
  9. For other scholarships, provide the name and provider, along with the relevant amount.
  10. Sum up all amounts available and write the total in the specified section.
  11. Sign and date the form. Ensure that your signature indicates your acknowledgment of the information provided and the policies of Brenau University.

What You Should Know About This Form

What is the purpose of the Brenau Financial Verification form?

The Brenau Financial Verification form is required for international students to demonstrate that they have sufficient funding to cover all university and living expenses for at least the first year of study. This proof of funding is essential for issuing the necessary I-20 form, which allows students to apply for a student visa.

What documents need to be submitted along with the financial verification form?

Along with the completed and signed financial verification form, students must provide the appropriate supporting documents. This includes a bank letter or bank statement verifying available cash amounts. For family or sponsor funds, an official letter from the sponsor, along with their bank documentation, is also required.

What happens if the financial verification form is not submitted?

If the financial verification form is not submitted, the I-20 cannot be issued. This means that students will be unable to apply for a student visa and therefore cannot enroll in classes at Brenau University.

Is there a specific amount of funding that I need to demonstrate?

Yes, students need to show they have enough funding to cover tuition fees, health insurance, technology fees, books, and living expenses. Estimates do not include travel costs. Additionally, if a student plans to bring family, an extra $3,000 per person is required.

Can I submit photocopies of the financial verification form?

Students should photocopy the financial verification form if it needs to be sent separately. However, all signatures must be original on the submitted form to ensure its validity.

What should I do if my financial situation changes after submitting the form?

If there is a change in financial circumstances after submission, it's important to notify the admissions office as soon as possible. Consistent and accurate funding proof is necessary to maintain your admission status.

How do I ensure that my application is complete and valid?

To ensure your application is complete, double-check that all information is accurate and truthful on the financial verification form. Missing, incorrect, or misleading information may invalidate your admission. It’s also helpful to review the Brenau admissions policy available on the university’s website.

Common mistakes

Completing the Brenau Financial Verification form is crucial for international students. However, several mistakes can compromise the application process. Understanding these mistakes can prevent delays and ensure that everything is in order.

One common mistake is neglecting to provide all required signatures. The form clearly states that all signatures must be original. Submitting forms with photocopied signatures can lead to immediate rejection. Make sure that both the student and sponsor signatures are obtained before submission. This simple oversight can cause significant delays in processing.

Another frequent error involves not including adequate supporting documentation. For personal and sponsor funds, a bank letter is preferred, yet many submit only bank statements. While statements are acceptable, they do not have the same weight as the required bank letter. Providing the preferred document helps establish credibility and may facilitate a quicker review of the application.

Additionally, students often miscalculate the total amount of funds available. The calculation must include tuition, health insurance, technology fees, and living expenses. If the total doesn't reflect the correct amounts or omits key expenses, it might raise red flags. Be thorough and double-check all figures.

Finally, failing to read and understand the admissions policy can be damaging. The form requires the applicant’s acknowledgment of these policies. Ignoring this step could imply a lack of compliance. Familiarity with the admissions policy prepares students for expectations while enrolled at Brenau University.

Documents used along the form

The Brenau Financial Verification form is just one piece of the puzzle for international students seeking admission. To ensure that students can support themselves financially during their studies, several other documents are typically required. Each of these documents plays a crucial role in confirming the availability of funds and verifying the student's financial support. Below are a few forms that often accompany the Financial Verification form.

  • Bank Statement: A current bank statement, typically from the last six months, shows liquid funds that are readily available to the student. This document serves as proof of the personal funds the student has at their disposal.
  • Bank Letter: Preferred over a bank statement, this official letter provides an overview of the student's account balance from the bank. It must be original and can include necessary details about the available funds.
  • Sponsor Letter: If someone other than the student is providing financial support, a letter from the sponsor is essential. This document outlines the sponsor’s commitment to supporting the student throughout their education.
  • Government Scholarship Letter: For students receiving financial aid through government scholarships, an official letter detailing the scholarship amount and duration of funding is necessary to validate the funds.
  • Private Scholarship Letter: Similar to the government scholarship letter, this document should come from the scholarship provider, confirming the amount and terms of the scholarship for the student's studies.
  • Affidavit of Support: This document may be required in some cases to officially declare that the sponsor will cover the specified expenses associated with the student’s education.
  • Personal Statement of Financial Support: Some institutions ask for a personal letter describing the student's financial situation and how they plan to fund their studies. It provides context beyond the numbers.

Collectively, these documents help create a comprehensive financial profile for the student. They ensure that the student can meet the financial challenges of their education abroad, thereby enhancing their chances for a smooth admission process at Brenau University.

Similar forms

The Brenau Financial Verification form serves a crucial role in verifying financial support for international students. Several other documents fulfill similar purposes, ensuring that students can cover their educational expenses. Here are five documents that share characteristics with the Brenau Financial Verification form:

  • Affidavit of Financial Support: This document requires a sponsor to declare their commitment to financially support a student’s education. It often necessitates proof of income or assets, similar to the requirements of the Brenau form.
  • Bank Statement: A bank statement provides a snapshot of the student’s or sponsor’s financial standing. Like the Brenau Financial Verification form, it must detail the available funds and be recent, typically within the last six months.
  • Certificate of Eligibility for Nonimmigrant Student Status (Form I-20): While this form is issued by the university, it requires financial documentation to be processed. This is akin to the Brenau form, which is necessary before an I-20 can be issued.
  • Financial Aid Award Letter: This letter outlines the total aid a student is eligible to receive. It must substantiate that the student has sufficient funds for schooling, mirroring the verification aspect of the Brenau form.
  • Scholarship Commitment Letter: This letter indicates the amount and duration of a scholarship award. It functions similarly by providing proof of financial resources, ensuring students can meet their educational expenses.

Dos and Don'ts

When filling out the Brenau Financial Verification form, there are important guidelines to follow for a successful submission. Below is a list of actions to take and actions to avoid:

  • Do ensure all required sections of the form are completed fully and accurately.
  • Do submit original signatures where required, especially those of the sponsor.
  • Do provide a bank letter to verify the available funds; this strengthens your application.
  • Do double-check the date to ensure it reflects a recent period within the last six months.
  • Don't forget to include all additional living expenses if planning to bring family members.
  • Don't submit photocopied forms unless absolutely necessary; original forms are preferred.
  • Don't leave any section blank; incomplete forms may delay your application.
  • Don't provide outdated or unofficial financial documents, as they may not be accepted.

Misconceptions

Understanding the Brenau Financial Verification form is essential for international students planning to study at Brenau University. However, several misconceptions often lead to confusion. Below is a list of common misunderstandings regarding this important form.

  1. Only tuition needs to be documented.

    This is not true. The form requires documentation for all costs, including tuition, health insurance, technology fees, books, and living expenses.

  2. Personal funds are enough for verification.

    While personal funds are important, students may also need proof of financial support from sponsors or scholarships to cover total estimated expenses.

  3. A bank statement is always sufficient.

    While a current bank statement is acceptable, an official bank letter is preferred. This letter should clearly state the available cash amount.

  4. Documents can be submitted later.

    All supporting documents must accompany the Financial Verification form at the time of submission. Delays can hinder the issuance of the I-20.

  5. It’s okay to send a photocopy of the form.

    The original form must be submitted. If needed, photocopy it only for your records, but send the signed original to the university.

  6. Living expenses are included in the estimates.

    Living expenses are not included in the financial estimates provided in the form. Students must budget for these separately.

  7. I can submit a signature electronically.

    All signatures on the form must be original. Digital or electronic signatures are not accepted.

  8. Only scholarships from U.S. organizations count.

    This is incorrect. Scholarships from any originating country are valid as long as they meet the documentation requirements.

  9. There is no need for a sponsor letter if I’ll use my own funds.

    If you are being sponsored, a letter from your sponsor is required. If you are using your own funds, you still need to provide proof of these funds.

  10. Completing the form guarantees admission.

    Completing the Financial Verification form is a necessary step for obtaining an I-20 but does not guarantee admission to Brenau University.

Key takeaways

Filling out the Brenau Financial Verification form correctly is crucial for international students. Here are some key takeaways to keep in mind:

  • Demonstrate Sufficient Funding: Students must show that they have adequate funding to cover both university and living expenses for at least the first year.
  • Support Documentation Required: An I-20 form will not be issued without this financial verification form and the necessary supporting documents.
  • Original Signatures: Ensure that all signatures on the form are original, as photocopies will not be accepted.
  • Estimate Costs Accurately: Be aware that the estimated expenses listed do not include travel costs or living expenses, which should also be factored in.
  • Additional Funds for Family: If you plan to bring family members, include an additional $3,000 for each person in your total funding estimate.
  • Verify Funds with Documentation: It is essential to submit official bank letters or statements to verify the cash amounts available for funding your education.