Costs & Scholarship Information
Costs & Scholarship Information
Costs for International Students
Please read this information before going to the Affidavit of Support Form at the bottom of the page:
Undergraduate and Graduate Students:
An international student must document sufficient funding to cover the annual expenses for the entire program of study at Â鶹´«Ã½. To receive an I-20, you or your sponsor must show that liquid funds are available to cover one year’s expenses (US$39,000) and evidence that sufficient funds will be available for every year of the program. Married students who plan to bring their spouses and children must document the availability of at least an additional $12,000 per academic year for each dependent.
In preparing your documents, remember that international students are permitted to work in the U.S. only under limited circumstances. Therefore, applicants should not count on employment during their studies as a means of financial support. Spouses of F-1 student visa holders are not permitted to work.
The following list summarizes the approximate expenses for an international student one academic year (nine months) at NJCU. All costs are subject to change. We also advise students to be prepared for unforeseen and discretionary spending not included in this estimate of annual expenses.
Tuition and fees: $17,000
Living costs: $15,000
Personal expenses: $7,000
Approximate total expenses: $39,000
Required Documents:
You or your sponsor must complete the affidavit form and show that they currently have approximately US$39,000 in liquid assets (cash in the bank). They must also provide bank statements from the previous 90 days to show that the funds are consistently available. A letter from the bank without 90 days’ history will not be accepted. Please note that NJCU cannot offer any financial assistance to International Students. You must be fully self-funded.
Acceptable types of financial support:
- Student’s Personal Funds: A student may act as their own full or partial sponsor if the student can document sufficient personal funds. The student should submit bank statements to verify the availability of the funds. Bank statements must show an average daily balance over a 90 day period and must be dated within 90 days of your I-20 request.
- Sponsorship by Family, Relatives, or Other Individuals: Sponsors must promise to support the student (and dependents, if applicable) for the duration of study and be able to document sufficient financial resources. Sponsors must prepare the attached Affidavit of Financial sponsorship and may submit letters from employers, bank statements, or tax returns to verify income. A sponsor who provides room and board is considered to be providing the equivalent of $14,000 support.
- Sponsorship by a Company, Government, or Other Source: If a student is being sponsored by a company, the company should provide a letter committing to the amount of financial support required by NJCU and submit documentation of sufficient corporate assets to provide that support. If the student is receiving financial support from a governmental or private funding source, an official letter detailing the amount and duration of that support is required.
The following documents are not acceptable:
- Funds from investments and property
- Bank letters without 90 day’s statements
- Bank letters that do not contain the actual numerical balance in the account(s) but only stating ‘enough’ or ‘sufficient’ funds are available without providing specific figures.
Note on NJCU School of Business Graduate Programs:
The School of Business offers both traditional 24 month programs and 12 month accelerated programs, which means you can complete a Masters degree in one year instead of the two years. Per credit tuition cost is the same, but total living costs are lower because the program is shorter. Estimated costs for visa purposes are calculated based on the 24 month schedule (see above), but students have the option of enrolling in more classes each session to complete their program more quickly.