Maintaining J-1 Status

J-1 Scholar: Financial Information

Financial Documentation  

To create a DS-2019, Penn State is required by the J-1 Exchange Visitor Program to collect financial documentation showing adequate financial resources for a prospective or extending scholar and his/her J-2 dependents’ expenses for the entire duration of the exchange visitor program.   

Financial Documentation Requirements:   

  • Bank statements must be official and dated  
  • All accounts must be easily accessible, liquid assets  
  • It is preferred that all documents are in English or are accompanied by a translation
  • All supporting documentation must be dated within the last six (6) months  
  • Letters of sponsorship must include exact amount of support and dates of sponsorship  

Financial Documentation Types:  

  • Personal bank statement  
  • Official letter of support from a government, organization, or employer  
  • If you are receiving a scholarship from your home government and the letter provides a range for your monthly stipend, we use the lowest amount to calculate your financial support (e.g., if you will receive between $1,400 and $1,800 per month, we will assume your support to be $1,400 per month). 

The following documents are NOT acceptable:  

  • Payroll statements  
  • Statements verifying future earnings  
  • Insurance policies  
  • Property or personal assets (automobiles, land, buildings, jewelry, etc.)  
  • Non-liquid assets such as stocks, bonds, equities, retirement accounts  
  • Income tax returns  
  • Attestations only stating that a sponsor can meet the expenses  

ESTIMATED Monthly Penn State Financial Requirements (2017-2018 Academic Year)  

  Scholar J-2 Spouse J-2 Child (per child)
Living Expenses $1,700 $800 $450
Medical Insurance $286 $286 $286
TOTAL $1,986 $1,086 $736

Multiply the totals above by the number of months your program is expected to last to get your total financial guarantee requirement amount.