International Student Certification of Finances (ISCOF)

Note: The International Student Certification of Finances (ISCOF) is a document required of admitted and enrolling international students only. We will begin collecting ISCOF forms and supporting documents for the coming admissions cycle in May 2023. If you have not yet applied to Colby, or have applied but are awaiting your decision, please wait until you receive further information from Colby regarding the I-20 process.

If you are a student who is not a U.S. citizen or permanent resident, you must submit the International Student Certification of Finances (ISCOF) form and supporting documents before an I-20 can be issued. This form provides financial documentation that verifies that you have sufficient personal resources or outside scholarships to meet the expense of four years at Colby College. Please note that any missing or inaccurate information submitted will delay the processing of your I-20 application.

Please upload the International Student Certification of Finances (ISCOF) form and supporting materials through your Colby Applicant Portal.

How to Fill Out the International Student Certification of Finances (ISCOF) Form

SECTIONS 1-6

Fill out with your personal information.

SECTION 7

Mark the visa you expect to receive in order to attend Colby College. In most cases, this will be the F-1 student visa.

SECTIONS 8-17

Fill out the sections that apply to you according to the sources that will be providing your annual financial support. Enter all amounts in US dollars. Please note that all verification of finance documents must be dated within 3 months of when they are submitted. Acceptable documents are:

  • Stamped bank statement 
  • Stamped certificate of deposit (must have an expiry date prior to September 1st, 2022)
  • Signed and stamped letter from your bank official on the bank’s letterhead.

It must be demonstrated that the total family and student contribution for the first year can be paid for. If your or your parent’s name is not listed on the bank documentation as an account holder, the Certification of Sponsorship section (8c) must be completed.

You can indicate any combination of where your financial support is coming from as long as the TOTAL amount adds up to the minimum required amount. 

Please do not enter the total family and student contribution in both Section 8a and Section 8b. If any sections 8a-d do not apply to you, please leave them blank.

SECTION 8A

Annual support will be coming from a family savings account.

  1. Fill out your bank’s name.
  2. Fill out the amount of assured support for the first year, then the projected support for the subsequent years.
  3. Bank official’s signature, title of the bank official, name of the bank, the bank’s address, and date (required if filling out this section to report your annual support). If unable to obtain a bank official’s signature, Colby requires that you complete the International Student Financial Aid Application (ISFAA) An ISFAA can be obtained by emailing [email protected].
  4. Fill out your information in Section 8b, including parent’s signature, address, and date.

SECTION 8B

Annual support will be provided by my parent(s).

  1. Fill out your father’s and/or mother’s name.
  2. Fill out the amount of assured support for the first year, then the projected support for the subsequent years
  3. Fill out your parent information, including parent’s signature, address, and date.

SECTION 8C

Annual support will be provided by a sponsor (such as a family member other than a parent, private scholarship, or a private party. This option will require a signed letter from your sponsor).

  1. Fill out your sponsor’s name.
  2. Fill out the amount of assured support for the first year, then the projected support for the subsequent years.
  3. Fill out sponsor information including sponsor’s signature, address, relationship of sponsor to student, and date.
  4. Attach a letter from your sponsor that states the amount of money you will receive from their sponsorship and how long you will be receiving it. Their signature is required.
  5. Finish Section 8b with your parent’s signature, address, and the date.

SECTION 8D (Usually J1 Visa)

Annual support will be provided by my government. (This option pertains to funding from government-sponsored scholarships and requires a letter from your government.)

  1. Fill out the name of the government agency awarding you the funds.
  2. Fill out the amount of assured support for the first year, then the projected support for the subsequent years.
  3. Attach a signed letter from your government that states the amount of money you will receive from their scholarship and how long you will be receiving it.
  4. Finish Section 8b with your parent’s signature, address, and the date.

SECTIONS 9-16

When you fill out these sections, please note that Section 12 asks how you will fund transportation to the United States. In many instances, these funds will come from a parent or savings.

SECTION 17

Sign and date the form.

Frequently Asked Questions

What do I do if I cannot get the bank signature from an official?

If you are unable to obtain a bank official’s signature on your International Student Certification of Finances (ISCOF), Colby requires that you complete an International Student Financial Aid Application (ISFAA). Please contact us at [email protected] to obtain this form.

Do I need to submit the ISCOF if I am an international student applying for financial aid?

Yes.

Do I need to attach bank statements if I did not fill out the funds in the 8A box?

Yes. Note: All verification of finance documents must be dated within 3 months of when they are submitted. Acceptable documents are

  • Stamped bank statement 
  • Stamped certificate of deposit (must have an expiry date prior to September 1st, 2022)
  • Signed and stamped letter from your bank official on the bank’s letterhead.

It must be demonstrated that the total family and student contribution for the first year can be paid for. If your or your parent’s name is not listed on the bank documentation as an account holder, the Certification of Sponsorship section (8c) must be completed.

What is an appropriate amount of money to have when I arrive at the institution? (Section 13)

There is no exact answer, a rough estimate will suffice. You determine for yourself how much is appropriate from your personal resources. Examples of “indirect costs” might include books, supplies, and other expenses you may end up spending during the academic year.

When submitting the ISCOF, do I submit it online by scanning the document, or do I mail it in?

You should upload all I-20 related documents as PDF files to your Colby Applicant Portal

Can I email someone at Colby if I have questions?

Yes, please email the Office of Admission and Financial Aid at [email protected] with any questions.