GGU Certification of Finances

Golden Gate University (GGU), like many institutions of higher education, requires international students to demonstrate sufficient financial resources to cover their educational and living expenses for the duration of their studies. This process is formally known as the Certification of Finances (CoF). The CoF is a critical step in the visa application process and ensures that students will not become a financial burden on the United States government or require unauthorized employment to fund their education.

The primary purpose of the GGU Certification of Finances is to verify that prospective international students have access to the funds necessary to cover tuition, fees, living expenses, books, health insurance, and other related costs while pursuing their academic program at GGU. The amount required is determined annually by the university based on the estimated cost of attendance for a full academic year. This figure is clearly outlined on the GGU website and in the admission materials provided to international applicants.

To complete the CoF, students must submit official financial documentation demonstrating the availability of funds. Acceptable documents typically include:

• Bank statements: These statements must be recent (usually within the last three to six months) and clearly show the account holder's name, account balance, and currency.
• Official letters from banks or financial institutions: These letters should verify the account holder's name, account balance, and the currency in which the funds are held.
• Scholarship or grant letters: Documentation confirming the award of scholarships or grants, including the amount and duration of the funding.
• Sponsorship letters: If a student is being sponsored by a family member or organization, a letter from the sponsor stating their commitment to provide financial support, along with supporting financial documentation.

All financial documents must be translated into English if they are not originally in English. The translations must be certified and accurate.

The CoF form itself requires students to provide information about their funding sources and the amount of funds available. They must also sign a statement certifying that the information provided is accurate and complete. GGU may request additional information or clarification if the documents submitted are insufficient or unclear.

Submitting a complete and accurate Certification of Finances is crucial for obtaining an I-20 form from GGU. The I-20 is a Certificate of Eligibility for Nonimmigrant Student Status, which is required for international students to apply for an F-1 student visa. Without a valid I-20, students cannot legally study in the United States.

It is important for prospective international students to begin gathering their financial documents well in advance of the application deadline. Failure to submit a satisfactory Certification of Finances can delay the admission process and potentially jeopardize a student's ability to enroll at GGU. GGU's International Student Services office is a valuable resource for students who have questions or need assistance with the Certification of Finances process.