Indicated on your Form I-20 or Form DS-2019 is the amount of funds you will need for the current semester at the University of Miami excluding tuition and living expenses for the summer. With the exception of assistantships and limited on-campus employment, you may not work in the U.S. upon your arrival. Please do not plan on income from working on campus since it is limited and produces small income. Off-campus work is prohibited during the first year of study and severely regulated thereafter by American immigration law. No federal or state financial aid or scholarships are available to international students. You are expected to have available the funds you showed on your Declaration and Certification of Finance during your period of studies at the University of Miami.

Upon your arrival, you will immediately need to pay for tuition, fees, medical insurance, housing, books, and meals for the semester. Students bringing families will need more. Students holding assistantships will also need to bring ready cash since payments for assistantships are issued only after a period of work, usually a month. Graduate students with assistantships may not receive payment until they have a Social Security Number, which will take at least two weeks to obtain.

Personal checks, cashier's checks, traveler's checks, cash, or money orders may be used to make tuition and housing payments. It will take a minimum of ten working days for you to obtain cash from checks or letters of credit. We therefore suggest that you bring funds in traveler's checks. We advise you not to carry large amounts of cash and if you are purchasing traveler's checks, to purchase checks valued at $500 or more to cover tuition and housing.