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Prior to issuing an I-20 or DS-2019, international students are required to submit documentation regarding the financial ability of the student to study in the United States. This process can be time consuming since the student needs to compile evidence of guaranteed funding.

The estimate of expenses is updated each academic year to reflect the estimated costs of tuition and fees as well as living expenses. Official tuition rates are set each year by the UT Board of Trustees in early summer for the upcoming academic year (August–July). If the budget has not yet been updated for the upcoming academic year, please add an additional 10 percent to the current estimates. The additional 10-percent estimate included on your financial certification should be sufficient to cover possible increases.


Requirements for Financial Documentation

Requirements for financial documentation forms:

  • Document(s)can be scanned and emailed to the CIE (istudents@utk.edu)
  • Documents must be written in English (any supplemental translations must be certified)
  • Funds must be “liquid” (such as checking or savings). Business accounts or insurance policies are not acceptable.
  • Documents must indicate explicit numerical balance (most current) of the account.
  • If not in USD, the exchange rate for USD should be listed.
  • Documents must be dated within the last six months.
  • Documents must be certified (all pages signed and stamped by a bank official in a color other than black).

Examples which ARE acceptable:
Assistantship or scholarship letters; approved loan or award letters stamped or certified by a lending institution; original bank letters signed by a bank official; original bank statements issued directly from the bank.

Examples which ARE NOT acceptable:
Accounts in the name of a business; Internet bank statements; bank letters without the name of the account holder or the account number; accounts with a maturity date in the future; letters which do not specify the availability of at least the minimum amount per year; life insurance policies; chartered accountant statements; payroll reports/expected income; tax statements; property assessments; credit cards; bank statements lacking currency amounts; other statements of non-liquid assets.

Estimate of expenses for UNDERGRADUATE students

Estimate of Expenses for UNDERGRADUATE International Students

2013-14 Academic Year

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Required University Fees (in US Dollars)
Tuition & Maintenance Fees 28,556.00
Program & Services Fees 592.00
Health Fee 198.00
Library Fee 20.00
Technology Fee 200.00
Facilities Fee 620.00
Transportation Fee 120.00
Study Abroad Fee 20.00
Total tuition & fees for two terms $30,326.00
Required Health/Accident Insurance + 1,623.00
Total required fees for two terms $31,949.00
Other Necessary Expenses (in US Dollars)
Books & Supplies 1,400.00
Housing 4,500.00
Food 3,300.00
Miscellaneous * 2,800.00
Total living expenses for 12 months $12,000.00
Grand total for 12 Months (the amount a student is required to show proof of funds for when applying to UT) $43,949.00
Extra Expense for Spouse 6,000.00
Extra Expense for Each Child 4,000.00

Estimated insurance expenses for spouse is approximately $4,002 per year. Estimated insurance expenses for each child is approximately $2,039 per year. Rates are subject to change without prior notice.

Additional charges per credit hour will be assessed for courses in engineering, business, and nursing. Please refer to the One Stop website for additional information.

This budget assumes the student does NOT attend the summer semester. Please add $15,163 if  you intend to attend the summer semester full-time. The living expenses listed above are for 12 months.

This is a relatively conservative budget for a student and assumes the student is sharing housing. While some students may get by with less, others find this a tight budget. This budget does not include the cost of international travel, keeping an automobile, or babysitting fees. Actual tuition rates, other fees, and living expenses may vary from this estimate. Official tuition rates are set each year in summer for the upcoming academic year.

+ Insurance rate is based on 12-month coverage and is subject to change without prior notice.

* The category includes clothing, telephone services, laundry, recreation, household maintenance, transportation, etc.

Note: All tuition and fees are subject to any changes approved by the UT Board of Trustees prior to the beginning of a term

Estimate of expenses for GRADUATE students

Estimate of Expenses for GRADUATE International Students

2013-14 Academic Year

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Required University Fees (in US Dollars)
Two Terms Three Terms  Summer Included
Tuition & Maintenance Fees 28,300.00 42,450.00
Program & Services Fees 592.00 888.00
Health Fee 198.00 297.00
Library Fee 20.00 30.00
Technology Fee 200.00 300.00
Facilities Fee 620.00 930.00
Transportation Fee 120.00 146.00
Total tuition & fees 30,050.00 45,041.00
Required Health/Accident Insurance + 1,623.00 1,623.00
Total required fees $31,673.00 $46,664.00
Other Necessary Expenses (in US Dollars)
Two Terms Three Terms (Summer Included)
Books & Supplies 1,400.00 1,400.00
Housing 4,500.00 4,500.00
Food 3,300.00 3,300.00
Miscellaneous * 2,800.00 2,800.00
Total living expenses for 12 months $12,000.00 $12,000.00
Grand total for 12 Months(the amount a student is required to show proof of funds for when applying to UTK) $43,673.00 $58,664.00
Extra Expense for Spouse 6,000.00 6,000.00
Extra Expense for Each Child 4,000.00 4,000.00

Estimated insurance expenses for spouse is approximately $4,002 per year. Estimated insurance expenses for each child is approximately $2,039 per year. Rates are subject to change without prior notice.

Additional charges per credit hour will be assessed for courses in engineering, business, and nursing. Please refer to the One Stop website for additional information.

This is a relatively conservative budget for a student and assumes the student is sharing housing. While some students may get by with less, others find this a tight budget. This budget does not include the cost of international travel, keeping an automobile, or babysitting fees. Actual tuition rates, other fees, and living expenses may vary from this estimate. Official tuition rates are set each year in summer for the upcoming academic year.

+ Insurance rate is based on 12-month coverage and is subject to change without prior notice.

* The category includes clothing, telephone services, laundry, recreation, household maintenance, etc.

Note: All fees are subject to any changes approved by the UT Board of Trustees prior to the beginning of a term.

International Wire Payments for Tuition

peerTransfer: International Wire Payments for Tuition

UT has partnered with peerTransfer to offer an innovative and streamlined way to make international tuition payments. peerTransfer’s mission is to save international students and their families money that would otherwise be lost on bank fees and unfavorable foreign exchange rates. With peerTransfer, you are offered excellent foreign exchange rates, allowing you to pay in your home currency (in most cases) and save a significant amount of money, as compared to traditional banks. In addition, the posting of the payment into your UT account will be faster, and you will be notified via e-mail when it is received.

The information below includes a summary and instructions.

Visit utk.peertransfer.com to begin the payment process.

  • To get started, select the country from which funds will be coming and the payment amount in US Dollars you wish to make to your student bill.
  • In most cases, the US Dollar amount will be converted into your home currency at preferential exchange rates, which will translate into savings for you.
  • After providing some additional basic information, you will book the transaction and will be instructed via email on how to pay peerTransfer from your home country bank account.
  • peerTransfer will then forward the US Dollar amount to the University of Tennessee where it will be directly credited to your student billing account.
  • You will receive an e-mail to confirm receipt of payment.
  • At any time, you will have a dedicated customer service team reachable via chat, Skype, e-mail and phone to answer any of your questions.