All international students who need to obtain a new I-20 must show proof of sufficient funds to cover a full year (12 months) of expenses at the University of Tennessee. Complete documentation includes the Confirmation of Financial Resources Form (link found below) and may consist of either bank account balance statements or letters written by financial institutions with explicit numerical balances and must be dated within six months.
Whether or not the student plans to live on-campus, the financial documentation must show a minimum balance of the amount listed below. The funds must be “liquid” (such as checking or savings), such that the monies could be withdrawn at any time. Business accounts and insurance policies are not sufficient.
If the currency is not U.S. dollars (USD), the exchange rate for USD must be listed. All documentation must be certified – signed and stamped by a bank official. No photocopies, scanned copies, or faxes will be accepted.
Estimated Costs of Attendance for Fall and Spring 2016 – 2017:
|Total Required for Tuition & Fees (2 terms)||$ 34,541.00||$34,665.00|
|Total Living Expenses for 12 Months||$12,500.00||$12,500.00|
|Grand Total for 12 Months||$ 47,041.00||$47,155.00|
For a more complete break-down of these costs please visit our Estimate of Expenses page.
Click on the link below for the Confirmation of Financial Resources Form:
While financial documentation is only needed for one year of study, adequate funding should be available for the entire length of study.
Some departments such as the College of Engineering, the College of Business, Nursing, Art, etc. charge an additional special course fee for some of their classes. Please refer to OneStop Express Student Services for specific course fees.
Add $5000 for a spouse and $4000 for each child. For more information on the estimated health insurance expenses per year for your dependents, please refer to the Student Health Center.
Note that these figures are the current estimates. Costs may actually be greater due to inflation and other increases in costs. Financial documentation need only show the minimum amount for Fall and Spring, except for graduate assistantships that cover summer tuition. For a full description of estimated costs, please refer to our Estimate of Expenses page. All fees are subject to any changes approved by the UT Board of Trustees.