U.S. federal visa regulations regarding international students require applicants to demonstrate sufficient proof of financial support prior to the issuance of an I-20 form by Madison College.
Your financial documentation must show your ability to pay the estimated cost of attending Madison College full time for one academic year as well as the cost of living for 12 months. This amount must be available to you for each year of study at Madison College.
Estimated Cost for 2020-2021
Technical Associate and Diploma Programs: $21,277
Tuition and Fees: $5,570 = $232/credit
Liberal Arts Transfer Programs: $23,115
Tuition and Fees: $7,408 = $309/credit
Breakdown of Expenses
Living expenses: $15,707 = $1,309/month
- Housing and Meals: $11,088
- Personal: $2,048
- Books and Supplies: $300
- Health Insurance: $2,367 - Note: a specific health insurance plan is required. Do NOT purchase alternative plan without reviewing the strict waiver request process
If a child or spouse will be accompanying you, please also add in the dependent expenses (PDF)
Acceptable Financial Support Documents
- Account statement from your personal bank account(s) or a sponsor’s bank account(s). The statement must:
- Show the bank logo with contact information
- Be less than one year old
- Include your name - If your name is not listed, your sponsor must also submit the Affidavit of Financial Support (PDF)
- Show the available balance
- A Local Host Statement of Commitment (PDF) indicates you will live with a host who will be providing housing and meals.
Note: Demonstrating strong ties to your home country, and having a non-immigrant intent, are a critical aspect of visa eligibility determination. If you have a local host listed as a financial sponsor on your I-20, it is recommended you prepare to address concerns regarding these aspects.
- Grant, scholarship, and/or loan documentation.
Things to keep in mind when budgeting:
- An “academic year” consists of the Fall and Spring semesters only. If you plan to enroll for the Summer term, additional tuition and course supplies costs should be budgeted.
- “Full-time” means 12 credits taken per semester, which is typically 3 to 5 classes. Each class may have 1 to 5 credits, depending on the number of hours a class meets each week. If you plan to take more than 12 credits each semester, additional costs should be budgeted.