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 enroll in courses to maintain their legal status. One important element of maintaining your immigration status is to pay tuition on time so that you can register for the next term.  The fee structure at Franklin University is based on the number of credit hours in which students enroll. For example, expenses for a new undergraduate student could be calculated as below.

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

This is an estimate for example purposes only. Actual charges may vary based on specific course enrollment and are subject to change.

F-1 students are required to enroll in a full-time course load for Fall and Spring terms, with most international students enrolling in 12 undergraduate or 8 graduate credits each term. During the Summer term, you are not required to enroll in order to maintain F-1 status.  New F-1 students starting in Summer Term, however, must be financially prepared to enroll full-time for that term and the subsequent Fall and Spring terms.    

More detailed information about the fee structure is available at http://www.franklin.edu/financial-aid/tuition-fees. Download our Financial Sponsorship Form to see estimated annual tuition and living expenses.

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.