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Financial Responsibility

The Department of Homeland Security/U.S. Citizenship and Immigration Services require that international (F-1) students and their dependents have sufficient funds to cover educational and living expenses for the duration of their studies in the United States. Those funds include tuition, health insurance, books/eBooks, and living expenses.

Contact OISP

F-1 Visa Financial Responsibilities

Students in F-1 immigration status have to maintain their immigration status. One important element of maintaining your immigration status is to pay tuition on time so that you can register for the next term.

Students who consider to start in the summer term have to keep in mind that this is the only possible break term. If you start in Summer, you will need to be academically and financially prepared to enroll for three subsequent terms.

The fee structure at Franklin University is based on the number of credit hours in which students enroll, with most international students enrolling in 12 undergraduate or 8 graduate credits each term.

For example, expenses per term for an undergraduate student in Business Administration could be calculated as below.

This is an estimate for example purposes only. Actual charges may vary based on specific course enrollment. Actual charges may vary.

Tuition (12 credit hours x $526) $6,312
Health insurance (obligatory for F-1 students) $517.50
Initial registration fee     $50
Books & Supplies $540
Total         $7,419.50

There are three terms at Franklin University (summer, fall, winter). More detailed information about the fee structure is available at http://www.franklin.edu/financial-aid/tuition-fees.

Annual estimated tuition and expense information is available on our Financial Sponsorship Form.
Remember, tuition is due the first day of your classes!

Estimated Annual Expenses

The Department of Homeland Security/ U.S. Citizenship and Immigration Services require that prospective international (F-1) students and their dependents have sufficient funds to cover educational and living expenses for the duration of studies in the United States.

You will have to submit proof of financial support for several reasons. Newly admitted students need to show proof of financial support in order to be issued an I-20 to apply for a visa and enter the United States. Currently enrolled students need to show proof of financial support when:

  • changing a program study (change of major or change of degree level),
  • extending a program of study,
  • requesting an I-20 for dependents,
  • applying for reinstatement

OISP sets minimum financial requirements based on the University’s tuition rates and estimated living expenses. Annual expenses assume 2 trimesters of full-time enrollment and 12 months of living expenses, including health insurance. F-1 applicants with dependents applying for F-2 visa and/or immigration status must, also, demonstrate sufficient funding for all dependents. Dependent expenses assume 12 months of living expenses, including insurance. Financial minimums are listed on our Financial Sponsorship Form.