Proof of Financial Resources

An important requirement for all J-1 Exchange Visitors is the ability to show that they have enough financial resources to participate and complete the program. There are numerous options to show financial resources. These can include aid from another country's government, personal or family funds, home institution funding, or EMU/department funding.

Home Institution Funding

Some exchange visitors may have funding through their current institution (home university) and can use this funding as proof. The home institution will need to provide an official letter stating how much funding is being provided and the dates of funding.  

EMU Department Funding

If the department will provide financial assistance they must provide a letter on department letterhead, signed by the department head, which will clarify how much financial assistance the department will cover throughout the entire length of the program. 

Government Funding

If receiving funding from a government source, either the visitor's own or another country they will need to show proof of this aid. Typically this would be provided in an official letter written by the specific government agency that is providing the funding. The letter will need to specifically address how much the student will be receiving throughout the duration of their program.

Personal/Family Funding

If the exchange visitor wishes to use personal or family funding it will need to meet certain requirements to be accepted. Eastern Michigan University will only accept Liquid funds as proof of financial resources. The bank statements must be accompanied by the J-1 Exchange Visitor Financial Affidavit Form if using family or friend funds. 

Bank statements must have the following information listed to be accepted:

  • Statement Date (No more than a year old from the time of program start date)
  • Name of the bank on letterhead or bank seal with signatures
  • Account Holder
  • Account Type (Checking, Savings, Current, Private, etc.)
  • Type of Currency
  • For Fixed/Term Deposits, statement must list the maturity date (must be BEFORE the intended program start date) or that the funds are able to be withdrawn without penalty
  • All statements must be in English

Type of financial statements that are not considered liquid funds:

  • Any type of investment or investment account
  • Mutual Funds
  • Real Estate Holdings
  • Fixed/Term Deposits that mature AFTER the intended program start date
  • Any other type of account that is determined to not be liquid by the RO/ARO

Total Amount of Funding Required

J-1 Professor

$25,000 per year or $2,100 per month if staying less than a full calendar year

$10,000 a year for spouses (if applicable)

$7,000 a year for each child (if applicable)

J-1 Research Scholar

$25,000 per year or $2,100 per month if staying less than a full calendar year

$10,000 a year for spouses (if applicable)

$7,000 a year for each child (if applicable) 

J-1 Short-Term Scholar

J-1 Living Expenses: $2,100 per month

J-2 Spouse Living Expenses: $2,100 per month (if applicable)

J-2 Child Living Expenses: $2,100 per month (if applicable) 

J-1 Student Intern

$25,000/year or $2,100 a month if staying less than a full year

$10,000/year for spouses (if applicable)

$7,000/year for children (if applicable)